Question

find the amount and compound interest on rs 20000 dor 3 by 2 years at 10 % p.a compounded half yearly .​

Answer 1

Answer:

Amount = ₹23,152.50

Interest = ₹3,152.50

Step-by-step explanation:

P = ₹20000

R = 10%

T = 3/2 yrs

A = P x [ 1 + R/100] ^ T

A = 20000 x [ 1 + 10/100] ^ 3/2

A = ₹23,152.50

I = A - P

I = 23,152.50 - 20000

I = ₹3,152.50

Answer 2

Answer:

Hence The amount and the compound interest on rs 20000 for 3/2 years at 10 percent per annum compounded half-yearly are Rs.23152.5 and Rs.3152.5 respectively.