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Example - 3. The simple interest on a sum of money for 2 years at 4% p.a. is Rs.450. Find the compound interest on this sum of money at the same rate of 1 year if the interest is reckoned half yearly.

Solution : Here, P = ? T = 2 years, R = 4% p.a.

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Maths by Mr. M. P. Keshari

 

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