Find out the compound interest on ₹1000 at rate of 20% per annum for 18 months when interest is compounded half yearly
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Answered by
30
heya !! ✌✌✌
Given,
principal, P = Rs. 1000
Compound rate, R = 20% per annum = 20/2 = 10% half -yearly
Time = 18 month = 3 half- years
Amount,
A = {P*[1+ (R/100)]n }
= {1000*[1+(10/100)]3}
= {(1000*11*11*11/10*10*10)}
A = Rs. 1331
Hence, compound interest = Rs. 331....
I hope it help's u....☺☺☺
Given,
principal, P = Rs. 1000
Compound rate, R = 20% per annum = 20/2 = 10% half -yearly
Time = 18 month = 3 half- years
Amount,
A = {P*[1+ (R/100)]n }
= {1000*[1+(10/100)]3}
= {(1000*11*11*11/10*10*10)}
A = Rs. 1331
Hence, compound interest = Rs. 331....
I hope it help's u....☺☺☺
Answered by
5
Answer:
heya
your answer........
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