principal is equal to 20000, time is equal to 1 year, rate is equal to 12 % per annum ,interest compounded half yearly
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If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
Step-by-step explanation:
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P-2000
T-1yr=2*1=2
R-12%=12/2=6%
Answer is 2120..
Step-by-step explanation:
Amount=p(1+6/100)¹
=2000(1+3/50)¹
=2000*53/50=40*53
= 2120
Hope it will help you
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