Find the amount and the compound interest on Rs. 24,000 for six months if the interest is payable quarterly at the rate of 20 paise a rupee per annum.
Answers
Answered by
2
Given,
P=24000
T=2years
R=5%
A=24000(1+5/100)^2
A=24000(105/100)^2
A=24000×21/100×21/100
A=60×21×21
A=26460(answer)
C.I=A-P
C.I=26460-24000
C.I=2460(answer)
Attachments:
Similar questions