find compound interest on rupees 20000 for 2 years at the rate of 20% per annum compounded half yearly
Answers
Answered by
2
Answer:
A=P(1+r/100)^nA=P(1+r/100)n
Here, the Principal P = 20,000, number of years n = 2, rate of interest r = 20%.
Therefore, Amount A=20000(1+20/100)2=20000(36/25) = Rs.28,800.
Compound Interest C.I. = Amount - Principal = 28,800 - 20,000 = Rs.8,800
Answered by
1
Answer:
Step-by-step explanation:
The compound interest are were written as:
Attachments:
Similar questions