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3. Find the CI on Rs. 12,000 for 1 1/2 years at 10% per annum compounded half-yearly.

3. Find the CI on Rs. 12,000 for 1 1/2 years at 10% per annum compounded half-yearly.
asked 130k views
5 votes
3. Find the CI on Rs. 12,000 for 1 1/2 years at 10% per annum compounded

half-yearly.

asked
User Ashton Wiersdorf
by
8.0k points

1 Answer

4 votes

Answer:

See below

Explanation:

12000 (1+.05)^3 = 13891.50 after 1 1/2 years...gain of 1891.50

answered
User Keith Elder
by
8.5k points
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