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Find the amount and the compound interest on Rs. 7500for 1 year at 8% per annum compounded half yearly. |
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Answer» -step explanation:As we know that,A=P(1+ 100R ) n Here,A= Amount P= Principle =Rs.7500R= RATE of INTEREST =8%n=1 year =2 half yearsTherefore,A=7500(1+ 1008 ) 2 ⇒A=7500(1+ 252 ) 2 ⇒A=7500× 25×2527×27 =12×729=Rs.8748Therefore,COMPOUND interest =A−P=8748−7500=Rs.1248 |
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