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.
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Answer:
A = ₹ 27783
Step-by-step explanation:
Given, P = ₹ 24000
r = 10% p.a.
t = 3 / 2 years
Compounded half-yearly
⇒ A = P ((1 + (r / 200))^2n
⇒ A = 24000(1 + (10/200))^(2*3/2)
⇒ A = 24000(1 + 0.05)^3
⇒ A = 24000 * (1.05)^3
⇒ A = 24000 * 1.157625
⇒ A = ₹ 27783
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