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
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