Question

solve this please

The interest earned on 20,000 at the rate of 20% per annum for 1.5 years if compounded half-yearly is how much more than the simple interest earned on the same amount at the same rate of interest for the same period. ​

Answer 1

Answer:

Here, P = $20,000, R = 20% and n = 1.5 years.

Amount after 1.5 years = P ( 1 + r/2) 2n

= 20,000 ( 1 + 0.20/2) 2 x 1.5

= 20,000 ( 1 + 0.1) ^3

= 20,000 (1.1) ^3

= 20,000 x 1.331

Amount =

26,620∴C.I = A - PC.I = 26,620 - 20,000C.I =

6,620

S.I.=(P×T×R)/ 100

S.I.=(20,000×1.5×20)/100= 6,000

So,

C.I.- S.I. =6,620-6,000=620

Step-by-step explanation:

If you like my answer please mark me as brainliest