Find the amount and compour
Find the amount and compound interest on 20000 in 21/2years at 10% per annum.
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Answer:
Principal (P) = ₹ 20,000
Time (t) = 1. ½ Years = 3/2 years
Rate (r) = 10%
Amount = P × (1 + (r/2 × 100)) n × 2
= ₹ 20,000 × (1 + (10/200) 3/2 × 2
= ₹ 20,000 × (210/200)3
= ₹ 20,000 × 21/20 × 21/20 × 21/20
= ₹ 23,152.50
C.I. Amount – Principal
= ₹ 23,152.50 - ₹20,000 = 23,152.50
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