Math Problem Statement

calculate the amount and compound interest on Rs. 9600 for 1121 \frac{1}{2}121​ years at 8% per annum compounded half-yearly. Class 8 base

Solution

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Math Problem Analysis

Mathematical Concepts

Compound Interest
Exponential Growth
Interest Compounding

Formulas

A = P (1 + r/n)^(nt)

Theorems

Compound Interest Formula

Suitable Grade Level

Grade 8