What will the compound interest on Rs 15000 for 1 year at 4% per annum compounded half yearly
Answer is Rs609. 06
I want step by step explaination fast
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Step-by-step explanation:
in compound half yearly we double time and half rate
2 year
2% rate
amount= 15000× ( 1+2/100)power 2
15000× 102/100×102/100
solve this for answer
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