Question

Rakesh lent out 10000 for 3 years at 20% per annum, compounded annually. How much
more he could earn if the interest be compounded half yearly.

Answer 1

Answer:

7280 is your answer

Step-by-step explanation:

given p=10,000

t=3years

p.a=20%

A=(1+20\100)to the power3

10,000(120\100)3

10,000*6\5*6\5*6\5

80*6*6*6=17280

compound interest =a-p=17280-10,000=7280

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