find the amount and the compound interest on ₹20000 for 11/2years at 10%per annum compounded half yearly would this interest be more than the interst he would if it was compouned annauly.
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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
Step-by-step explanation:
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principal = Rs 20000
time = 11/2 years = 5.5years
Rate = 20%
- > simple interest = P × R × T
100
= 20000× 10× 5.5
100
= Rs 11,000
Amount = (principal - simple interest)
= Rs 20000 -11000
= Rs 9000
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