Question

Calculate the amount and compound interest by the simple interest method 1,20,000 for 1 year at 16% per annum ​

Answer 1

Answer:

19000

Step-by-step explanation:

give me maths q

question

Answer 2

Answer:

.20,000

1 year compounded semi-annually

Rate=16%

As the interest is compounded semi-annually so the rate is divided by 2

and the time is multiply by 2

∴A=P(1+2×100R)

T×2

 ⇒A=20,000(1+  100

8  )  2

⇒A=20,000×100 x 108 x 100

108

​⇒A=2×108×108

⇒A=Rs.23328

∴C.I=23328−20000=Rs.3328