Calculate the compound interest on Rs.200 for 1.5 years at 10% per annum compounded semiannually.

Compound Interest = Principal(1+Rate/100)^Time -Principal

or

CI = P [(1+r)^t – 1]

Here Rate = 10/2 = 5. t = 3, coz it is compounded semiannually.

Substituting the values in the above equation, we can get the answer as

Rs 31.25/-

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