How much would a sum of ₹10,000 amount to in 1 year at 20% p.a. if the
interest is compounded half yearly
Answers
Answered by
9
Answer:
Rs.11000
Step-by-step explanation:
given: principle=Rs.10000,rate=20%,time=1 year,So,
Interest= P*R*T/100
=10000*20*1/100
=Rs.1000
Amount= Principle+ Interest
=Rs.10000+1000
=Rs.11,000 Ans..
Hope this helps you!!
Answered by
7
Answer:
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