Question

A sum of 20000 rupees investment at a rate of 9% compounded annually find the amount after 1 and half year

Answer 1

Answer:

ANSWER

Given, P=20000,r=10%,n=3 years

A=P[(1+

100

r

)

n

]

A=20000[(1+

100

10

)

3

]

A= Rs. 26620

Compound interest = Amount − Principal

CI =26620−20000

CI = Rs. 6620