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14. Compound Interest
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Q7 of 89 Page 14

Find the amount of Rs. 406 for 18 months at 12% per annum, the interest being compounded semi-annually.

Given,


Principal = Rs.406


Time = 18 Months = =


Rate = 12 % per annum =


So,


=


Amount = Rs.486.98


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5

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Questions · 89
14. Compound Interest
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