Question

27. A sum of Rs 40,000 is invested at 10% p.a. compound interest for 3 years . In the first two years the interest is reckoned yearly and then it is reckoned half yearly . find the amount after 3 year​

Answer 1

Answer : 53361

Explanation :

Amount :

=40,000(1+10/100)(1+10/100(1+5/100)^2

= 40,000 × 11/100 × 11/100 × 21/20 × 21/20

= 53361 ( ans)

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Answer 2

Step-by-step explanation:

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