The compound interest on Rs.5000 at 8% p.a for 2 years 6 months
compounded annually. Find the compound interest and amount.
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Answer:
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Step-by-step explanation:
P=Rs.5000,r=8%,t=2
CI=P[1−(1+
100
r
)
t
]
⟹CI=5000[1−(1+
100
8
)
2
]
⟹CI=Rs.832
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