Question

calculate the amount and compound interest on 15000 for 2 years at 20 % per annum when interest is compounded halfyearly.​

Answer 1

Answer:

Amount=43923/2=21961.5

Compound interest=21961.5-15000=6961.5

Step-by-step explanation:

principal=15000

rate per annum=20%

half yearly=20%/2=10%

time=2yrs

half yearly=2yrs*2=4yrs

amount=15000(1+10/100) 4

=15000*11/10*11/10*11/10*11/10

=43923/2

=21961.5

compound interest=21961.5-15000=6961.5

Answer 2

Answer:

Amount=43,923÷2=21,961.5

C.I=6961.5

Step-by-step explanation:

principal=15000