Question

Find the amount and C.I on Rs 24000 compound semi-annually for 1
2
1
​
years at the rate of 25 by 4 percentp.a.

Answer 1

Answer:

P=24000Rs

n=3 because due to semi-annually 3×

2

1

months are there

r=10% but for

2

1

years r=

2

10

=5%.

Amount =P(1+

100

r

)

n

=24000(1+0.05)

3

=24000×1.05×1.05×1.05

Amount =27783

CI=27783−24000

CI=3783.