Question

Find the CI received on Rs. 24,000 at 5% p.a after 3 years

compounded half yearly .​

Answer 1

Answer:

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Answer 2

Answer:

Interest compounded half yearly

⟹r=(10%)/2=5% per interest period.

No.of interest period (n)=2(3/2)=3

P=Rs.2400

CI=P[(1+ 100r ) n −1]

CI=24000[(1+

10010 )3 −1]=3783

Hence, the compound interest=Rs.3,783

Step-by-step explanation:

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