Find rhe amount and the compound interest on rs.20000 for 3/2years at 10% per annum compounded half-yearly.
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Solution
P=Rs2000
T=3/2 years=3 half years
R=10%
A=P(1+R/100)t
=2000(1+10/100)³
=2000×110/100×110/100×110/100
=2000×1331000/1000000
=Rs2662
CI=A-P
=2662-2000
=Rs662(Answer)
Answered by
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Answer:
Principal (P)=20000
Time (T)=3/2= 1 n a 1/2
Rate of Interest (R)=10%p.a
If it is compounded half yearly
Time(T)=3 years (because 1 na 1/2 years have 3 half years ) or 3/2*2 = 3
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