Question

find the amount to be paid at the end of 2 years on rupees 2400 at 5% per annum compounded half yearly

Answer 1

it is the solution of this question

Answer 2

Answer:

principal = 2400

rate = 5 % p.a = 5/2% p.a

time = 4 half yearlys

Step-by-step explanation:

A = P (1 + R/200)^2N

A = 2400 (1 + 5/200)^4

A = 2400 (1 + 1/40)^4

A = 2400 *41/40 *41/40 *41/40 *41/40

A = rs 2646 needed to be paid