Answer:
Principal (P) = Rs. 48,000 Rate (R) = 8% p.a. Time (n) = 1 year Interest is compounded half yearly A = P \[{{\left( 1+\frac{R}{200} \right)}^{2n}}\] \[=48000{{\left( 1+\frac{8}{200} \right)}^{2}}\] \[=48000\times \frac{26}{25}\times \frac{26}{25}\] \[=\text{ }76.8\times 26\times 26\] = Rs. 51,916.80 Therefore, Compound Interest\[=\text{ }A\text{ }\text{ }P\] = Rs. \[\left( 519,16.8048,000 \right)\] = Rs. 3,916.80
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