Question

Rs 48000 for 1 year at 8% per annum when compounded half yearly

Answer 1

Answer:

here rate becime half and time become double

amount =principle(1+rate/100)^time

a=48000(1+4/100)^1

a=48000×26/25

a=49920

therfore

C.I=amount- principle

C. I=49920-48000

C.I=1920