Find the amount and the compound interest on ₹20,000 for 1 ½ years at 10% per annum compounded half-yearly.
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Step-by-step explanation:
Principal (P) = ₹20,000
61%
Time (t) = 1 1 2 3 2 years = years
Rate (r) = 10%
nx2 Amount =P X 1+ 2 × 100
= 20, 000 × 10 200 2×2 1+
= 20, 000 × 210 200 3
21 21 = 20, 000 × X 20 20 21 20
= 23,152.50 =
C.I. Amount - Principal =
= 23,152.50 ₹20,000 =
=₹ 3 152 50
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