Question

rupees 30000 in invested was some period at 8% per annum to earn rupees 24,00 have the on interest if the same sum is invested for the same period at the same rate of interest compounded half yearly find the compound interest ​

Answer 1

Answer:

1200rs

Step-by-step explanation:

to get 2400rs as interest take period of time as 1year

simple interest= PTR/100

=( 30000*1*8)/100

=2400rs

so period of time is 1year

now we need to find compound interest for half year

for 1year rate of interest is 8%

for 1/2 year rate of interest is 4%

so 4% of 30000 is 1200rs .