Question

find the compound interest of ₹24000 for 3/2 year at the rate of 8% per year , when interest is compounded yearly​

Answer 1

Answer:

3/2 year is 1 year and 1/2year

so, interest for one year is 8/100(24000)

=1920

new amount

24000-1920

22080

interest for half years more

22080(8/100)/2=883.2

new amount is 22080-883.2

=21196.8

Step-by-step explanation: