Calculate the compound interest for the given condition — task. Mathematics State Board, Class 8.

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Determine the compound interest on \(₹\)2705 for 4 years at the rate of 4\(\%\) per annum

(i) compounded annually

(ii) compounded half-yearly

(Use:

{(1.04)}^{4}

\approx

1.17 and

{(1.04)}^{8}

\approx

1.37)

Answer:

The interestcompounded annually \(=\) \(₹\).

The interestcompounded half-yearly \(=\) \(₹\).

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

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16. Calculate the compound interest for the given condition