Question

find the amount of Rs 24000 for 2 years
if the interest is
compounded at the rate of 9/2% per annum
​

Answer 1

Answer:

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8th

Maths

Comparing Quantities

Compound Interest

Find the amount and C.I on ...

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Asked on December 26, 2019 by

Prakash Valarmathi

Find the amount and C.I on Rs 24000 compound semi-annually for 1

2

1

years at the rate of 10% p.a.

MEDIUM

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ANSWER

P=24000Rs

n=3 because due to semi-annually 3×

2

1

months are there

r=10% but for

2

1

years r=

2

10

=5%.

Amount =P(1+

100

r

)

n

=24000(1+0.05)

3

=24000×1.05×1.05×1.05

Amount =27783

CI=27783−24000

CI=3783.

Answer 2

hi IAM _______________776