plz solve this problem
Attachments:
Answers
Answered by
14
Here is your answer.
P = Rs 800
R = 2 paise/Rs
= 2/100 × 100
= 2% p.half yearly
T = 3 1/2 years
n = 7 as Compounded half yearly
As we know the formula
A = P (1+ R/100)^n
So Amount is Rs 918.94
CI = A - P
= 918.94 - 800
= 118.94
Therefore Compound interest is Rs 118.94
Answered by
9
Here is your answer.
P = Rs 800
R = 2p/Rs
= 2/100 ×100
=2%
T = 3 and 1/2 years
so in = 7 (Compounded half yearly)
As we know
A = P(1+ R/100)^n
Amount = Rs 918.95
CI = A - P
=918.95 - 800
= 118.95
So Compound Interest is Rs 118.95
Similar questions
Math,
7 months ago
English,
7 months ago
Math,
7 months ago
Biology,
1 year ago
Social Sciences,
1 year ago