Question

calculate the amount and the compound interest on rs. 24000 for 3/2 years, at 10% per annum, compounded half yearly> please try answer in paper with whole solution.

Answer 1

Step-by-step explanation:

amount= p(1 + r/200)^2n{if interest is compounded half yearly}

P=24000

T=3/2YEARS

R=10%

Amount=24000(1+10/200)^2*3/2

Amount=24000(1+1/20)^3

Amount=24000(21/20)^3

Amount=24000*9261/8000

Amount=9261*3

Amount= 27783rupees

Compound Interest=Amount - Principle

Compound Interest=27783-24000

Compound Interest=3783rupees