The amount for the sum of ₹600 for 1 year at the rate of 20% p.a compounded half yearly is
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Answered by
8
Answer:
P=600
r=20%
t=1
I= prt/100
I=600*20*1/100
=120
A=p+I
=600+120
=Rs.720
I hope this helps
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Answered by
5
we know that,
A = P(1+R/200)²ⁿ (when interest is compounded semi annually)
hence,
P = 600 R = 20% n = 1 year(2 half years)
A = 600(1+20/200)²⁽¹⁾
A = 600(200+20/200)²
600(220/200)² (220 and 200 are reduced to it's lowest terms)
600(11/10)²
600*11/10*11/10 (10 and 10 cancel out the zeros of 600)
A = 6*11*11
A = 726
CI = A - P
CI = 726 - 600
CI = 126
hope it helps
have a great day
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