Calculate the amount and the compound interest on 24, 000 for one and a half year at 10% per annum compounded half yearly
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principal=24000
rate=10%
time= one and a half year = 3 ( 6month+6month+6month)
A = P ( 1+ r/200)^3
= 24000 ( 1+10/200)^3
= 24000 × 21/20× 21/20× 21/20
therefore your AMOUNT = Rs 27153
NOW,
COMPOUND INTEREST = 27153-24000
= 3153
rate=10%
time= one and a half year = 3 ( 6month+6month+6month)
A = P ( 1+ r/200)^3
= 24000 ( 1+10/200)^3
= 24000 × 21/20× 21/20× 21/20
therefore your AMOUNT = Rs 27153
NOW,
COMPOUND INTEREST = 27153-24000
= 3153
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