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14. Compound Interest
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Q8 of 89 Page 14

Find the amount and the compound interest on Rs. 8000 for 1years at 10% per annum, compounded half-yearly.

Given,


Principal = Rs.8000


Time = 1- years =


Rate = 10% per annum =


Hence,


Compound interest =


= 8000


Amount = Principal + compound interest


= 8000+1261 = Rs.9261


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Questions · 89
14. Compound Interest
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