Question

Find the compound interest on rs 2000 at 20% pa for one years the interest being compounded half yearly? 1) rs 600 2) rs 331 3) rs 993 4) rs 662

Answer 1

Step-by-step explanation:

P = Rs 2,000. r = 20% per annum.. r = 10% per half year. So the interests are : Rs 662, and Rs 1, 543.12 respectively

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Answer 2

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