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Compute the compounded interest on Rs 12...

Compute the compounded interest on Rs 12000 for 2 years at 20% per annum when compounded half-yearly.

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Principle`=` Rs .`12000`
Time`(n) = 2`year
Rate`= 20%`
Now , `A= P(1+R/100)^n`
`A= 12000 ( 1+20/100)^2`
`A= 12000 (1+1/5)^2`
`A= 12000 (6/5)^2`
`A= 12000xx 36/25`
`A=17280`
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Knowledge Check

  • Find the compound interest on Rs. 48000 for one year at 8% per annum, when compounded half-yearly.

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