Question

solve the following questions. find the compound interest on RS 24000 at 8 per for 2 half years the interest is payable yearly​

Answer 1

Answer:

Amount after 2 year=

$24000 \times (1 + \frac{8}{100} ) {}^{2} = \\ 24000 \times \frac{27}{25} \times \frac{27}{25} = 27993.6 \\ now \: for \: half \: year \: more \: amount \: become \: \\ = 27993.6 \times (1 + \frac{4}{100} ) = \\ 27993.6 \times \frac{26}{25} = 29113.344$

so compound interest =

29113.344 – 24000= ₹ 5113.344

Ans