1500 lent at compound interest of 2%per annum compounded half yearly for two year will amount to
Answers
Answered by
0
Answer:
A=P(1+
100
r
1
)×(1+
100
r
2
)
=15000(1+
100
8
)×(1+
100
10
)
=Rs17820
Answered by
1
Answer:
Hii the answer of your question is 660.
Step-by-step explanation:
Given:
Principal(P)=1500
Rate of interest(r)=2%
Number of years=2(semiannually)
Formula:
Amount(A)=P(1+ 100r )^2
⇒A=1500(1+ 100)^2
⇒A=1500×(1.2)^2
⇒A=2160
Compound Interest=A−P
=2160−1500
=660
Therefore, compound interest=660
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