Calculate CI that will be received if Rs 1000 is
deposited in bank at r = 20% for 2 years with
interest getting compounded six monthly.
Answers
Answered by
0
Answer is
Step-by-step explanation:
P = ₹1000
r = 20%
10%
t = 2 years
= 6 months
SI = p×r×t/ 100
1000×10 ×6
= 600
A = p+i
1000+ 600
= 1600
p² = 1600
SI = 1600×10×6/100
= 960
A= 1600 +960
= 2560
p³ = 2560
Si = 2560×10×6/100
= 1536
A = 2560+1536
= 4096
p⁴ = 4096
Si = 4096 × 10 ×6/100
= 2457.6
A = 4096 + 2457.6
= 6533.6
p⁵ = 6533.6
Si = 6533.6 × 10 ×6 /100
= 65336 ×10×6/1000
= 3932.16
A = 6533.6 + 3932.16
= 10465.76
p⁶ = 10465.76
Si = 10465.76 × 10 ×6 /100
= 1045676 ×10×6/1000
= 62,794.56
A = 10465.76 + 62794.56
= 73,260.32
CI = A - P
= 73,260.32 - 1000
= 72260.32
I HOPE IT WILL HELP YOU AND PLZ MARK ME AS A BRAINLIEST
Similar questions