Question

on R5
Find the compound interest
20.000 For 4 years
ext
5% pa​

Answer 1

Answer:

A. Rs 1648.64...

Explanation :

Interest is compounded half-yearly, therefore,

Amount = P ( 1 + (R/2) /100 )2n - - - - - - - - - [Interest compounded Half-yearly]

Given :

Principal = Rs. 20000,

Rate = 2 % per half-year,

Time = 2 years = 4 half- years

Amount = 20000 [ 1 + 2 / 100 ]4

Amount = Rs.21648.64

Compound Interest = Total amount – Principal

= 21648.64 – 20000

= Rs. 1648.64

Answer 2

Answer:

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