Question

rs 1500 lent at compound interest of 2% per annum compounded half yearly for two years will amount to
please give me answer

Answer 1

Answer:

Hii the answer of your question is 660

Step-by-step explanation:

Given:

Principal(P)=1500

Rate of interest(r)=2%

Number of years=2(semiannually)

Formula:

Amount(A)=P(1+ 100r )^2

⇒A=1500(1+ 100)^2

⇒A=1500×(1.2)^2

⇒A=2160

Compound Interest=A−P

=2160−1500

=660

Therefore, compound interest=660

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