years
3. Find the compound interest when it is compounded annually:
(P=625;r = 4% p.a.; n = 2 years (ii) P = 8,000; r = 5% p.a.; n = 3 years
(D) P= 16,000 ; r = 10% p.a.; n = 3 years (iv) P = 3,200 ; r = 25% p.a.; n = 3 years
Ramesh deposited 1,250 in his saving bank account Find th
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Answer:
If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
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thanks for free point.........
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