Question

find the ci if rs 1000 was invested for 1.5 years at 20 percent p.a. ​

Answer 1

Answer:

30.14

Step-by-step explanation:

Principle = 1000

Time = 1.5 years

Rate = 20% p. a

Amount                     = P {1 + i}ⁿ        i = R/100

                                 = 1000 {1+0.2}^1.5

                                = 1000 {1.02}^3/2

                                = 1000 * 1.03014

                                = 1030.14

Amount = Principle + CI

CI = 30.14