Question

Find the compound interest on Rs. 25000 in 2 years at 4% per annum. The

interest being compounded half yearly.​

Answer 1

Answer:

Principal = Rs. 20000,

Rate = 2 % per half-year,

Time = 2 years = 4 half- years

Amount = 20000 [ 1 + 2 / 100 ]4

Amount = Rs.21648.64

Compound Interest = Total amount – Principal

= 21648.64 – 20000

= Rs. 1648.64

Step-by-step explanation:

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