Question

Find the amount on Rs 2500 for 1 year at 20% per annum compounded half yearly.

a)Rs 2750

b)Rs 3025

c)Rs 525

d)None of these​

Answer 1

Answer:

3025 (B)

Step-by-step explanation:

Given:

Principle (P) = 2,500

Rate (R) = 20% i.e. 0.2%

Compounded half yearly

I.e. 0.2 ÷ 2 = 0.1

Time (N) = 1 yrs

$Amt = P[(1 + i)^n]$

$Amt = 2500[(1 + 0.1)^2]$

$Amt = 2500(1.1)^2$

Amt = 3025

Answer 2

Step-by-step explanation:

Answer:

3025 (B)

Step-by-step explanation:

Given:

Principle (P) = 2,500

Rate (R) = 20% i.e. 0.2%

Compounded half yearly

I.e. 0.2 ÷ 2 = 0.1

Time (N) = 1 yrs

Amt = P[(1 + i)^n]Amt=P[(1+i)

n

]

Amt = 2500[(1 + 0.1)^2]Amt=2500[(1+0.1)

2

]

Amt = 2500(1.1)^2Amt=2500(1.1)

2

Amt = 3025