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Find the rate for a sum taken for one and a half years at 8% per annum compounded half yearly.​

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253 cents gain
Answer:
  • rate per annum =8%
  • rate per half yearly=1/2*8=8/2=4%per half year
  • time period=1*1/2year
  • 1*1/2=2+1=3 half year
292
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