What will Rs. 17500 amount to after 1 year at the rate of 4% per annum when interest is computed halfyearly.
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Answer:
amount = 18200
Step-by-step explanation:
principal = 17500
rate = 4%
time = 1 years
SI = P×R×T
SI = 100
SI = 17500×4×1
SI = 100
SI= 175 ×4 ×1
SI = 700
amount = Principal + interest
amount = 17500 + 700
amount = 18,200
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