Question

find the amount and the compound interest on rupees 24000 compounded semi annually for 1 and half years at the rate of 10% per annum

Answer 1

compounded semi annually
rate = 10/2 = 5
time = 1+1/2 years = 3 half years
CA = 24000(1+5/100)^3
= 24000(1+1/20)^3
= 24000(21/20)^3
= 24000×21/20×21/20×21/20
= 24000×9261/8000
= 3×9261
= 27783
compound amount = 27783
compound interest = 27783 - 24000 = 3783

Answer 2

Answer:

Rs. 3783

Step-by-step explanation:

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