mr.duggal invested rs20,000 with rate at 20p.c.p.a .the intrest was compounded half yearly for first year and in next year it was compounded yearly .what will be the total intrest earned at the end of two years
Answers
Answered by
1
ci for 1 year = 20000(1+20/200)^2
=rs24200-rs20000=rs4200
ci for 2nd year when compounded yearly = 20000(1+20/100)^1
=rs24000-20000=4000
total interest he earned=4200+4000=rs8200
=rs24200-rs20000=rs4200
ci for 2nd year when compounded yearly = 20000(1+20/100)^1
=rs24000-20000=4000
total interest he earned=4200+4000=rs8200
shivam2738:
answer is nt correct...9040 is the right ans..
Similar questions