Find the compound interest on 4000 for 1 year and 6 months at 40% per annum compounded annually.
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Find the compound interest on 4000 for 1 year and 6 months at 40% per annum compounded annually.
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Answer:
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Answer:
Step-by-step explanation:
20,000
Step-by-step explanation:
20%of 40000=8000
8000 for 2year and 6 month is
8000× 30/12=20,000