$2400 is lent for 1 and half years at 10 percent p.a. Compounded half_yearly. Find the amount to be received after 1 and half years .please solved by method.
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principal=$2400
time(n) =3/2 year
rate of interest=10℅
the amount =p(1+r/200)^2n
=2400(1+10/200)^2*3/2
=2400(1+1/20)^3
=2400(21/20)^3
=2400*441/400*21/20
=6*441*21/20
=441*126/20
=55566/20
=2778.30
time(n) =3/2 year
rate of interest=10℅
the amount =p(1+r/200)^2n
=2400(1+10/200)^2*3/2
=2400(1+1/20)^3
=2400(21/20)^3
=2400*441/400*21/20
=6*441*21/20
=441*126/20
=55566/20
=2778.30
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