find the amount and the compound interest on rs.24,000 at 10% p.a. for 1 whole 1/2 years,compound interest being reckoned half-yearly
Answers
Answered by
7
Answer:
27,783
Step-by-step explanation:
A=24000*1+5/100
A=24000*21/20*21/20*21/20
A=27783
Answered by
26
Answer:
Step-by-step explanation:
P = rs 24000
R = 10%
T = 1 1/2 years
As compounded half yearly
A = P ( 1 + R /2 ÷ 100 ) ^n
= 24000 ( 1 + 10/200 ) ^3
= 2400 ×( 21/20)^3
= 27783
C.I = A - P
= 27783 - 24000
= 3783
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