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Question

If principle =Rs 1,00,000. Rate of interest =10% compounded half yearly. Find interest for 6 months.

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Solution

We know that, CI=AP
And where for six months amount, A=P(1+R200)n
Given, n=6 months
A=P(1+R200)n=100000(1+10200)1=Rs. 105000
Cl=105000100000=Rs. 5000

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