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    Anugrah Khess
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    A principal of Rs. 12800 was invested at an annual interest rate of 71/2% or 15/4% compounded half-yearly. After 1 year (or 2 half-years), the amount calculated was Rs. 13778. The interest earned was Rs. 13778 - Rs. 12800 = Rs. 978.

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    A principal of Rs. 12800 was invested at an annual interest rate of 71/2% or 15/4% compounded half-yearly. After 1 year (or 2 half-years), the amount calculated was Rs. 13778. The interest earned was Rs. 13778 - Rs. 12800 = Rs. 978.

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    3 views1 page

    New Microsoft Word Document

    Uploaded by

    Anugrah Khess
    A principal of Rs. 12800 was invested at an annual interest rate of 71/2% or 15/4% compounded half-yearly. After 1 year (or 2 half-years), the amount calculated was Rs. 13778. The interest earned was Rs. 13778 - Rs. 12800 = Rs. 978.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Principal (P) = Rs. 12800Rate (R)=71/2% p.a.

    =15/4% half yearlyPeriod (n) = 1 year or 2 half years∴


    Amount (A)=(1+R100)n=Rs. 12800(1+154×100)2=Rs. 12800×8380×8380=Rs. 13778∴ C.I = A - P= Rs.
    13778 - Rs. 12800 = Rs. 978

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