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₹ 16000 for 1-years at 10% p.a., the interest being compounded half-yearly.WITHOUT USING C. I. FORMULA​

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238 cents Margaret Byrd
Answer:

I=P[(1+R%n)nt−1]

Data:P- Principal, R%- Rate of Interest-10%, n-frequency of compounding in a year-2, t- numberof years-1.5 years.

I=16000[(1+10%2)2×1.5−1]

I=16000[(1.05)3−1]

I=16000[1.1576−1]

I=16000×0.1576

I=2522

116
Margaret Byrd
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