Question

A takes Rs. 3000 from B for 2 year at the rate of
10% half-yearly interest. What amount will be paid
by A to B after the end of 2 years?
​

Answer 1

Refer Attachment

With Regards from Venom...

Answer 2

Answer:

Rs. 4200

Step-by-step explanation:

Given:

Princpile (P) = Rs 3000

Rate of Interest (R) = 10% halfyearly

Year (Y) = 2

To find: amount after 2 years

Solution:

∵ we know, the rate of interest in halfyearly i.e for 6 months = 10%

∴ rate of interest in yearly i.e for one year = 20%

As we know,

Simple Interest (S.I) =$\frac{P *R*T}{100}$

=> S.I =  $\frac{3000*20*2}{100}$

=> S.I = 1200

Now, Amount (A) = Principle (P) + Simple Interest (S.I)

=> A = 3000 + 1200

∴ Amount (A) = 4200. Ans

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