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Calculate Compound Interest and amount on Rs 625 for 2 years at 9 %, compounded half-yearly.

Solution:
Your problem `->` Calculate Compound Interest and amount on Rs 625 for 2 years at 9 %, compounded half-yearly.


Here `P = "Rs." 625, N = 2` year = `4` half-years

`R = 9` % per year = `4.5` % half-yearly

`A = P (1 + R/100)^N`

`= 625 * (1 + 4.5 /100) ^ 4`

`= 625 * ( 104.5 / 100) ^ 4`

`= 745.32`


`:. CI = "Rs." (745.32 - 625) = "Rs." 120.32`.






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