Mrs. Gupta deposited Rs 25,000 in a bank for 1year 6 months at 20% p.a. compounded half-yearly. What amount will she receive at the end of 1 year 6 months?.
Answers
Answered by
1
Step-by-step explanation:
P=Rs10,000
Time=5years
Rate=1.5%pmi.e.18%pa
Now,
S.I=
100
P×R×T
=
100
10000×18×5
=Rs9000
Hence,Totalamountshedidgetattheendoftime=10000+9000
=Rs.19000.
Similar questions