Asha land rupees 24000 to sabrina's loan at the rate of 10% per annum compounded annually what amount will she back after 2 years 5 months
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Answer:
The amount to be received after 1{1÷2} years is 27783
Step-by-step explanation:
Principal = 24000
Time = years
Rate of interest = 10% p.a. compounded half-yearly.
No. of compounds per year = 2
Where r = rate of interest in decimals
P = Principal
n = No. of compounds
t = time
Substitute the values in the formula :
Amount = 27783
Hence the amount to be received after 1{1÷2} years is 27783
Step-by-step explanation:
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