The compound interest on Rs 6250 at 8% per annum for 1 year, compounded half yearly, is
Rs 500
Rs 510
Rs 550
Rs 512.50
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The compound interest on Rs 6250 at 8% per annum for 1 year, compounded half yearly, is
Rs 500
Rs 510
Rs 550
Rs 512.50
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Answer:
It will be like this
6250×(1+4/100)2
Now solve by your own.
It will improve your mathematic skills.