Question

In what time will the compounded interest on ₹24000 at the rate of 10% per annum be ₹3783, compounded semi-annually??

PLS ANSWER ASAP

Answer 1

Answer:

P= 24000

n = 3 because due to semi - annually 3 × ½

months are there

r = 10% ½ years r = 10/2 = 5%