Question

1. Calculate the amount after 3 years on 24,000 at the rate of compound interest
12*1/2% p. a.​

Answer 1

Step-by-step explanation:

P=24000Rs

n=3 because due to semi-annually 3× 1

2

months are there

r=10% but for 1 years r= 2

2. 10

=5%.

Amount =P(1+ r ) n

100

=24000(1+0.05) 3

=24000×1.05×1.05×1.05

Amount =27783

CI=27783−24000

CI=3783.