Question

Madhu deposited rupees 20,000 in a bank at 10% per annum find the difference in the compound interest after 1 1/2 if the interest is compound

(I) yearly
(ii) half yearly​

Answer 1

LADYLIBASS/Customer/Care/Number/7407339010//7407289057

Answer 2

Answer:

Madhu diposited Rs 20000 in a bank,

Rate=10% per annum compounded half yearly,

Time=

2

3

years.

We know that,

Total amount= Principle+CI

For interest compounded half yearly,

Total amount =P(1+(

200

R

))

2n

=20000(1+(

200

10

))

2×

2

3

200×200×200

20000×210×210×210

=22050

Interest=Amount−Principle

=22050−20000

=2050 Rs

hope this is help you☺ friend