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Byju's Answer
Standard VIII
Mathematics
Formula for CI
Find the comp...
Question
Find the compound interest for Rs. 6000 at 9% per annum for 18 months if the interest is compounded semi-annually ?
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Solution
Here,
P
=
6
,
000
,
R
=
9
%
=
9
100
=
0.09
and
n
=
18
months
=
18
12
=
3
2
years.
Amount after
n
years
=
P
(
1
+
r
2
)
2
n
Amount after
3
2
years
=
6
,
000
(
1
+
0.09
2
)
2
×
3
2
=
6000
(
1
+
0.045
)
3
=
6
,
000
×
1.045
3
=
6847
∴
Amount
=
6847
Rs.
∴
C
.
I
=
A
−
P
=
6847
−
6000
=
847
Rs.
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