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Find the amount and the compound interest on rs 8000 for 1 1/2 year at 10%p.a ,compounded half yearly?
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Find the amount and the compound interest on rs 8000 for 1 1/2 year at...
Principal, P = Rs. 8000Time, n = 1 year = 2 half yearsRate of interest per annum = 10%Rate of interest for half year, R = 10%2= 5%The amount with the compound interest is given byAmount = Rs. Px(1+R100)2= Rs. 8000x(1+5100)2 = Rs. 8000x(105100)2 = Rs. 8000x(2120)2 = Rs. 8000x(2120)x(2120) = Rs. (20x21x21)= Rs. 8820∴ Compound interest = amount − principal = Rs. (8820 −8000)  = Rs. 820
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Find the amount and the compound interest on rs 8000 for 1 1/2 year at 10%p.a ,compounded half yearly?
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