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

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Find the compound interest on \(₹\)11656 for 3years at the rate of 7 \(\%\) per annum when compounded half-yearly. (Use:

{(1.035)}^{6}

\approx

1.23)

Answer:

The compound interest \(=\) \(₹\).

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

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11. Determine the amount of compound interest