What is the compound interest for 1.5 year on a amount of 8000 at rate of 10% half yearly
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Principle = 8000
Rate of interest = 1.5 = 3 years
No. of year = 10 %
CI = P(1+R )^n
100
A = 8000 × 110 × 110
100 × 100 × 100
A = 8 × 11 × 11
10
A =96.8
Principle = 8000
Rate of interest = 1.5 = 3 years
No. of year = 10 %
CI = P(1+R )^n
100
A = 8000 × 110 × 110
100 × 100 × 100
A = 8 × 11 × 11
10
A =96.8
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