Question

Find the amount and the compound interest on rupees 32000 for 1 year at 20% per annum compounded half yearly

Answer 1

Answer:

Amount = 38,720

Compound Interest = 6,720

Explanation:

Given that :

Principal =₹ 32,000

Rate of interest = 20% =20/2= 10% half-year

Time = 1 year= 2 ×1= 2 half-year

Amount =. P ( 1+R/100)^n

= ₹32,000 ( 1+10/100)^2

= ₹32,000(110/100)^2

= ₹32,000 ×110/100 × 110/100

= ₹38,720

Compound Interest = Amount - Principal

= ₹38,720 - ₹32,000

=. ₹ 6,720

Please mark as brain list.

Answer 2

answer in the attachment