what is the compound interest Tk 2800 for 1.5 years at 10% per annum ?
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Answer:
₹ 441.35
Step-by-step explanation:
First I have calculated the amount . U can do it in several ways . This question has to be done in half yearly C.I.
Amount = P(1 + r/2/100)^2n
= 2800(1 + 10/2/100)^2×3/2
= 2800(1+1/20)^3
= 2800 × 21/20 × 21/20 × 21/20
= ₹ 3241.35
This was the amount.
For calculating C.I.
Deduct the Amount from Principal
So C.I. = ₹ (3241.35 - 2800.00)
= ₹ 441.35
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