the compound interest on Rs.2,000 for 2 years at 20% per annum when compounded half yearly ,is
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Answer:
Given, P= Rs. 2000, r
1
=4% p.a. for 1
st
year, r
2
=3% p.a. for 2
nd
year
∴A=P(1+
100
r
1
)(1+
100
r
2
)
=2000(1+
100
4
)(1+
100
3
)
= Rs. (2000×
25
26
×
100
103
)= Rs. 2142.40
∴ C.I. = Rs. 2142.40− Rs. 2000= 142.40 Ans
Thanks for this question ❤
pragti thakur
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