Find the amount and the C.I. on Rs.5000 for 1 and a half years at 20% p.a. compounded half yearly.
Answers
Answered by
2
Answer:
Amount-6655
CI - 1655
Explaination:
principal- 5000
rate - 20%
time - 3/2 years = 3 half years
Amount = p*(1+R/2*100)^t
= 5000* (1+20/2*100)^3
= 5000*(10+1/10)^3
= 5000*(11/10)^3
= 6655
Compound Interest = Amount - principal
= 6655-5000
= 1655
Attachments:
Similar questions