find the amount to be paid at the end of 2 years on Radio 2400 at 8 % per annum compounded half yearly
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MATHS
Find the amount to be paid at the end of 2 years on rs 2400 at 5% per annum compounded anually.
ANSWER
A=P[1+
100
R
]
n
P=2400,R=5,n=2
A=2400[1+
100
5
]
2
=2400[
20
21
]
2
=6×21×21
=Rs.2646
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