Question

Find the compound interect on Rs 20,000 at the rate8% for 3.5 years when interest
is calculated half-yearly​

Answer 1

Step-by-step explanation:

$\huge \tt\underline{\text{A} \blue{N} \orange{S} \pink{W} \green{E} \red{R}}:):)$

Here P=20,000 Rs., n=3 years, R=8

Amount(A)=P(1+ R/ 100)^n

=> 20000(1+ 8 /100)^3

=> 20000(27)^3 / 25

=> 20000×(27)^3 / 25 × 25 × 25

=> 32×(27)^3 / 25

= >25,194.24 Rs.

Compound interest(C.I)=A−P=25,194.24−20,000=5,194.24

Hence, the compound interest is Rs. 5,194

.

Hope it helpful..☃️⚡️

#Somya Here.

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