Sanjay borrowed ₹20000 from Punjab National Bank for 1Year 6 months to buy a second hand computer. If the rate of interest is 12% per annum, calculate the compound interest he has to pay at end of 1 year 6 months
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Answered by
3
20000(1+6÷100)^1
20000×106÷100
200×106
21200
20000×106÷100
200×106
21200
thananjai3:
that's it? Any way Thanks
that is the half of the sum
Answered by
5
Answer:Principal=20000
1 years, 6 months
Interest 1=
=Rs 20000×1×12/100
Rs2400
Amount=Principal+Interest
= 20000+2400
=Rs 22400
Interest 2=
=22400×1×12/2×100
; Rs1344
COMPOUND INTEREST=Interest1 + Interest2
= 22400+1344
= Rs 23744 is answer
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