Question

If interest is paid every 6 months, what will be the interest at the Rs20% of₹1000 in 18 months ?​

Answer 1

Step-by-step explanation:

P=₹1000,T=18 which implies t=18/6=3months,r=20%

Amount (A)=P(1+RT)

Amount (A)=1000[1+(20/100)×3]

=1000[1+(3/5)]

=(1000×8)÷5

=200×8

=₹1600