4) In what time will Rs. 1,500 yield Rs.49.50 as compound interest at 20% per year compounded
semi-annually?
Answers
Answered by
0
Step-by-step explanation:
rate of interest = 20 percent = 20100=0.2 , and n = 2 since the compound interest will be compounded 2 times a year. Now substituting these values in the formula we have. Hence we have one and half years. Hence we get the money that is supposed to be kept for one and a half year so that will be Rs 1500 yield Rs 496.50.
Answered by
1
Answer:
rate of interest = 20 percent = 20100=0.2 , and n = 2 since the compound interest will be compounded 2 times a year. Now substituting these values in the formula we have. Hence we have one and half years. Hence we get the money that is supposed to be kept for one and a half year so that will be Rs 1500 yield Rs 496.50.
Similar questions