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The compound interest on ₹ 20,000 for 2 years at the rate of 10% per annum is
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atulmalviya180
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Find the amount and the compound interest on rs 20000 for 3/2 years at 10 percent per annum compounded half-yearly
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urvigami2121
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when we find compound interest and it is given half yearly divide rate of interest and time with 2 and if it is quarterly then divide rate of interest and time with 4.
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wifilethbridge
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The amount and the compound interest on rs 20000 for 3/2 years at 10 percent per annum compounded half-yearly are Rs.23152.5 and Rs.3152.5 respectively.
Step-by-step explanation:
Principal = Rs.20000
Time = 2 years
Rate of interest = 10%
No. of compounds per year = 2
Amount = 23152.5
Compound interest = Amount - Principal = 23152.5 - 20000=Rs.3152.5
Hence The amount and the compound interest on rs 20000 for 3/2 years at 10 percent per annum compounded half-yearly are Rs.23152.5 and Rs.3152.5 respectively.