Question

Find the interest on ₹ 24000 for 1 month at the rate of 10%.
​

Answer 1

Answer:

P=24000Rs

n=3 because due to semi-annually 3×

2

1

months are there

r=10% but for

2

1

years r=

2

10

=5%.

Amount =P(1+

100

r

)

n

=24000(1+0.05)

3

=24000×1.05×1.05×1.05

Amount =27783

CI=27783−24000

CI=3783.

Answer 2

Answer:

simple interst basic formula using here

24000*10/100=2400