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Hint: To calculate compound interest, we have given formula: Complete step-by-step answer: So, compound interest is: Note: The other way to find compound interest compounded half-yearly is applying simple interest for every 6 months for
the same interest rate and adding the interest in the initial value to calculate for another 6 months until for the total time period: Now, consider $ {{A}_{1}} $ as principal for another 6 months. So simple interest for another 6 months is: Now, consider $ {{A}_{2}} $ as principal for another 6 months. So simple interest for another 6 months is: Hence, total interest is What amount is to be repaid on a loan of rupees 12000 for 1.5 years at 10% compounded half yearly?Hence, Amount to be repaid is Rs. 13,891.50.
What amount is to be repaid on a loan of 10000 for 1½ years at 10% per annum compounded half yearly?The amount and the compound interest on ₹ 10,000 for 112 1 1 2 years at 10% per annum, compounded half-yearly is ₹ 11576.25 and ₹ 1576.25 respectively.
What amount has to be paid on a loan of Rs 12000 for 3 years at 10% per annum compounded annually?Now Compound interest = A - P ⇒ Compound interest = Rs. 15972 - Rs. 12000 = Rs. 3972.
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