Question

Calculate the amount and ci on 27000 for 3/2 years at 20/3 years of pay the interest being compounded semi-annually.​

Answer 1

Step-by-step explanation:

Principal Amount= 27000

Rate= 20/3 %

T=3/2 years compounded semi annually

For first 1/2 year

P= 27000

S.I= (P*R*T)/100

=(27000*(20/3)*0.5)/100

=900

For second 1/2 year

P= 27000+900=27900

S.I=(P*R*T)/100

=(27900*(20/3)*0.5)/100

=930

For Third 1/2 year

P= 27900+930=28830

S.I= (P*R*T)/100

=(28830*(20/3)*0.5)/100

=961

Therefore,

Amount= 28830+961= 29791 Ans.

Compound Interest= 29791-27000= 2791

Amount = ₹29791

C. I. = ₹2791