Find the compound interest on Rs.5000 for 1 year at 8% per annum compounded half yearly.
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Find the compound interest on Rs.5000 for 1 year at 8% per annum compounded half yearly.
I will be very grateful for your support
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Answer:
400
Step-by-step explanation:
A = p ( 1 + R / 100) power n
A = 5000 ( 108/100) ^ 1
A = 5000 × 108/100
A = 5400
CI = A - P
CI = 5400 - 5000
CI = 400
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Answer:
Compound interest = Rs5625
Step-by-step explanation:
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