The simple interest on a sum of money for 3 years at 8 % p.a is Rs. 450.00 . The C.I on this sum of money at the same rate for 1 year compounded half-yearly will be *
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Answer:
Step-by-step explanation:
Si = prt/100
450 = p * 8 * 3/100
p = (450 * 100)/ 8 * 3
= 1875 Rs
CI:
a = 1875 (1+8/200)^3
187 5 * 208/200 *208/200 *208/200
= 2109.12
Ci = a - p
= 234.12 RS
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