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Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years.

151.33
1511.73
155.73
1500.32
Explanation:

Let Principal = 2500, r=6%=0.06616=0.03, n=8×2=16

We know that
A=P(1+r)n
=2500(1+.03)16
=4011.73
The compound interest =4011.73−2500=1511.73
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