Question

Find the amount and the compound interest on rs 32000 for 1 year at 20 percent per annum compounded half-yearly

Answer 1

Answer:

This is the answer ☝️ bro

Answer 2

Required Answer

• A = ₹38720
• CI = ₹6720

Given

• P = ₹ 32000
• T = 1 year
• R = 20%

To find

• Amount
• Compound Interest

Formula

• A = P( 1 + r/200)^2n
• CI = A - P

Solution

A = P( 1 + r/200)^2n

⇒₹32000( 1 + 20/200)^ 2× 1

⇒ ₹32000 ( 1+ 1/10)²

⇒ ₹ 32000 ( 11/10)²

⇒ ₹ 32000 × 11/10 × 11/10

⇒₹ 32000 × 11 × 11

⇒ ₹ 38720

Amount = ₹38720

Now,

CI = A - P

= ₹38720 - ₹32000

= ₹6720

Compound interest= ₹6720

Thus, Amount is = ₹38720,

And Compound Interest is = ₹6720. Ans.