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=> CI – SI = P(R/100)2 => 162 = 20000 (R/100)2 => (R/100)2= 81/10000 => R/100 = 9/100 => R = 9%
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The compound interest on a sum of ₹ 5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
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A sum of rupees 5,000 is invested at 15% per annum compound interest for 1.5 years, compounded half-yearly. What will be the final amount?