Question

. Find the amount and compound interest
on 24,000 compounded half yearly for
1.5 years at the rate of 10% per annum​

Answer 1

Answer:

Interest compounded half yearly

⟹r=(10%)/2=5% per interest period.

No.of interest period (n)=2(3/2)=3

P=Rs.2400

CI=P[(1+

100

r

)

n

−1]

CI=24000[(1+

100

10

)

3

−1]=3783

Hence, the compound interest=Rs.3,783

Step-by-step explanation:

hope it's helpful

Answer 2

Answer:

Amount = Rs 27783 and CI= 3783

Step-by-step explanation:

Amount = 24000(1+10/200)^3

=27783

So, CI = 27783 - 24000

          = 3783