Find the amount to be paid at the end of 2 years on ₹ 2400 at 5% per annum compounded half yearly
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Solution:-
p = 2400rupees n= 2year = 4half yearly
rate (r) = 5% annum = 2.5% half yearly
c.i = p×[ 1+r/100]^n - p
= 2400[1+25/1000]^4 - 2400
= 2400[ 41/40]^4 - 2400
= 2400×2,825,761/2,560,000 -2400
= 2,649.1509375-2400
c.i = 249.1509375
by round figure
c.i = 249 ans
p = 2400rupees n= 2year = 4half yearly
rate (r) = 5% annum = 2.5% half yearly
c.i = p×[ 1+r/100]^n - p
= 2400[1+25/1000]^4 - 2400
= 2400[ 41/40]^4 - 2400
= 2400×2,825,761/2,560,000 -2400
= 2,649.1509375-2400
c.i = 249.1509375
by round figure
c.i = 249 ans
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