Question

what will be the compound interest if rs 8400 for 1 year at the rate of 10% p.a compounded half yearly?
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Answer 1

Answer:

CI = P( 1 + r/100) ^ t

= 8400 * (1 + 10/100) ^ 1

= 8400 * 1 + 10

= 8400 + 10

= 8410

Step-by-step explanation:

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Answer 2

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