Question

Calculate the amount and compound interest on ₹35000 for 2 years at 20% per annum when interest is compounded half-yearly . urgent help pls

Answer 1

Answer:

Amount- Rs. 51243.5

Compound Interest- Rs. 16243.5

Step-by-step explanation:

Amount Formula

A=  $P (1+$ $\frac{R}{200} )^{2t}$

$35000$ $(1 +$ $\frac{20}{200})^{2 * 2}$

$35000 (\frac{220}{200}$ $)^{4}$

3500 x $\frac{220}{200}$ x  $\frac{220}{200}$ x $\frac{220}{200}$ x $\frac{220}{200}$

= Rs. 51243.5

Compound Interest= A-P

51243.5-35000

= Rs. 16243.5