What will be the compoud interest when p=10000, n=2 years, r=20% and it is compounded half yearly?
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1
CI=A−P
A=P(1+
100
R
)
n
R=10 percent per halfly; T= 4 times in 2 years
A=10,000P(1+
100
10
)
4
A=14641 INR
CI=14641−10,000
CI=4641 INR
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