A sum of Rs. 24000 is borrowed for 1.5 years at the rate of interest 10% per
annum compound semi-annually. What is the compound interest (x) ?
(A) x < Rs. 3000
(B) Rs. 3000
(C) Rs. 4000 Rs 5000
Answers
Answered by
3
Step-by-step explanation:
P= Rs. 24000, Time = 1
2
1
years =3 half years, r=10% p.a. =5% per half year
∴A=24000(1+
100
5
)
3
=24000×(
20
21
)
3
=24000×
8000
9261
= Rs. 27783
∴ C.I. = Rs. 27783− Rs. 24000= Rs. 3783
∴ C.I. (x) lies between Rs. 3000 and Rs. 4000
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