Math, asked by mathstigershroof, 3 months ago

23. The compound interest on 1,000 at the rate of 20% per annum compounded
half yearly for 1 year is

Answers

Answered by lilidey81
1

Step-by-step explanation:

Solution(By Examveda Team)

Given,Principal,P=Rs.1000Compoindrate,R=20%perannum=202=10%half - yearlyTime=18month=3half - yearsAmount,A={P×[1+(R100)]n}={1000×[1+(10100)]3}=1000×11×11×1110×10×10A=Rs.1331Hence,compoundinterest=Rs.331

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