Find the amount and the compound interest on Rs. 30,000 at 10% per annum for 2year and 6month.
Answers
Answer:
principal = 30,000
rate = 10 %
year = 2 year
(principal x rate x year) (30,000 x 10 x 2 )
__________________ = ___________________
.
= 6,00,000
__________
= 6,000
simple interest = 6000
Amount. = principal x simple interest
= 30,000 x 6,000
= 180000000
amount of 2 year= 180000000
simple interest = 30000 x 10 x 6
_____________
= 180000
Amount of 6 month= principal x simple interest
= 30000 x 180000
= 5400000000