Find the compound interest on RS 5000 at rate of 10% p.a. compounded annually for 1and a half years.?

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Solution

Applying the rule A = P(1+R/100)^n on the given situations, we get:
P=5000,R=10,n=1.5
A=5000(1+10/100)^1.5=5768.45
COMPOUND INTEREST=A-P=768.45

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