principal is = to rupees 3000 rate is 10% per annum compound half yearly time =2 years
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Given : Rs 24000 amount to in 2 years at 10% per annum compounded semi annually.
To find : How much will a sum ?
Solution :
Using compound interest formula,
Here, A is the amount A=Rs.24000
r is the interest rate r=10%=0.1
t is the time t=2 years
n is the number of compounding a year n=2
Substitute the values,
Therefore, the sum will be Rs.19744.85
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