Simple & Compound Interest Quiz: A bank offers 10% compound interest calculated

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A bank offers 10% compound interest calculated on half yearly basis. A customer deposits Rs.2000 each on 1st January...

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Amount after 1 year on Rs.2000 deposited on 1st January at 10% when interest calculated half yearly is Amount after half year on Rs.2000...

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Solution

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FORMULA FOR COMPOUND INTEREST: Where:A = Amount of the invested Principal after time tP = Principal amount r = Annual...

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