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10 June, 14:06

find the compound interest paid when the sum of one year Rs6000 invested for one year 10%per annum in compound half yearly.

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  1. 10 June, 14:24
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    The answer is that $615 interest has been earned.

    Finance Solver

    n = 2

    I% = 10

    PV = - 6000

    pmt = 0

    ppy/Cpy = 2

    FV would equal 6615 so 6615-6000 = 615 intrest
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