DATE:
Q. Calculate the amount and the compound
interest 38000 for 1 year at 10% per
compounded to half
Answers
Answered by
0
Answer:
730
Step-by-step explanation:
amount at the end is 3730 Rs.
given, initial amount, P = 3000
rate of interest per annum, r = 10%
time , n = 2 (1/3) years
so, interest after 2 (1/3) year = compound interest of 2 years + simple interest of (1/3) years
= P(1 + r/100)² - P + P × r × (1/3)/100
= 3000[(1 + 10/100)² - 1] + 3000 × 10 × (1/3)/100
= 3000 [(1 + 1/100 + 2/10 - 1] + 100
= 3000 [ 1/100 + 20/100 ] + 100
= 3000 [21/100] + 100
= 30 × 21 + 100
= 630 + 100
= 730
Similar questions