Question

find compound interest paid when a sum of Rs.4000 is invested for 2 years 6 month at 20% per annum. compounded annually.​

Answer 1

Answer:800$

Step-by-step explanation:

Capital=4000$

Rate=20%

Time=2year6month

.........=5/2year

CI=p{(1+r/100)-1}

......=4000{(1+20/100)-1}

.....=4000(6/5-1)

....4000*1/5

...800$ans

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