Determine the amount of compound interest — task. Mathematics State Board, Class 8.

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Find the compound interest on \(₹\)13960 for 2years at the rate of 5 \(\%\) per annum when compounded half-yearly. (Use:

{(1.025)}^{4}

\approx

1.1)

Answer:

The compound interest \(=\) \(₹\).

[Note: Submit the answer as a whole number.]

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11. Determine the amount of compound interest