Suraj invested rupees to 2560 for one year in a fixed deposit scheme if the rate of interest is 12% P A compounded half yearly calculate the amount that he get after 1 year
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Answered by
18
Answer:
Step-by-step explanation:
the answer is 307.2
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Answered by
18
Step-by-step explanation:
time= 1×2=2years
rate of interest = 25÷2÷2=6.25%
principal = ₹2560
amount= P(1+R÷100)WHOLE POWER TIME
=2560(1+6.25÷100)²
= ₹2889.9
=₹2890(APPROX)
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