what sum will amount to Rs 4913 in 8 months if the rate of interest is 12% per annum compounded half year
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P=Rs. 4913
R=12% for annum
intrest for 8 months =8%
n=1
A=P(1+R/100)ñ
=4913(1+8/100)
=4913*108/100
=Rs. 5306.40
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