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Q.

Calculate the compound interest for ₹ 15000 for 4 years at 16% compounded semi-annually.


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a

12763

b

11159

c

10159

d

9159 

answer is A.

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Detailed Solution

A=P1+R2002n=150001+162002×4=1500027258=27761.085
CI = A - P = 27761.085 - 15000 = 12761.085
  
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