madhu deposite ₹20000 in a bank at 10% per annum . Find the difference in the compound interest ater 3/2 years if the interest is compounded (1) yearly (2) half yearly correct answer = brainliest anwere
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Madhu diposited Rs 20000 in a bank.
Rate =10% per annum compounded annually.
Time=
2
3
years.
We know that,
Total amount =P(1+
100
R
)
n
=20000(1+
100
10
)
2
3
=22000
Interest=Amount−Principle=22000−20000=2000
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