find the compound interest on rs 2000for 1 and half years at 4% per annum compounded half yearly
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Answer:
Principal=₹2000
Time=1 and a half year
Time when C.I compounded half-yearly=1 and a half year*2
=3 years
Rate of interest=4 %
Rate of Interest when C.I compounded half-yearly=4/2=2%
Amount=P(100+R/100)*T
=2000(100+2/100)*3
=2000(10,61,208/10,00,000)
=₹ 2,122.416
Compound Interest=A-P
= 2,122.416-2000
=₹ 122.416
Principal=₹2000
Time=1 and a half year
Time when C.I compounded half-yearly=1 and a half year*2
=3 years
Rate of interest=4 %
Rate of Interest when C.I compounded half-yearly=4/2=2%
Amount=P(100+R/100)*T
=2000(100+2/100)*3
=2000(10,61,208/10,00,000)
=₹ 2,122.416
Compound Interest=A-P
= 2,122.416-2000
=₹ 122.416
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