Ayushi deposited 50,000 in a chit-fund company where the interest is credited half yearly. In the rate of interest paid by the company is 18% per annum, what amount will she get after 2 years?
Myself kritika kohli
age 15
Answers
Answered by
2
Answer:
68000 because she get interest of rs 18 percent year first she get 18 percent interest on 50000 it is 9000 and next she also gets interest on 50000 it is 9000 , she gets total 18000 interest money . 50000 + 18000 = 68000
Step-by-step explanation:
deposited 50000
interest paid by company 18% per annum 50000*18%=9000
interest is charge fir 2 year
Answered by
4
Answer:
Given:
Principal(P)=1500
Rate of interest(r)=2%
Number of years=2(semiannually)
Formula:
Amount(A)=P(1+
100
r
)
2
⇒A=1500(1+
100
2
)
2
⇒A=1500×(1.2)
2
⇒A=2160
Compound Interest=A−P
=2160−1500
=660
Therefore, compound interest=660.
Step-by-step explanation:
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