Find the compound interest on Rs. 42000 for years at 10% p.a. compounded annually.
Find the compound interest on Rs. 42000 for years at 10% p.a. compounded annually.
Solution
✅ Correct Option: 3
When compounded annually but period is a fraction, use compound for the whole year and simple for the fraction. After 1 year: . For the next half year at simple interest: . Amount = . CI = .
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