This question is of compound interest. veena borrowed rupees 20,000 from a money lender at the rate of 4% per annum for 1 1/2 compounded half yearly . Find the amount she has pay at end of 1 1/2 years.
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Answers
Answered by
0
The 4 % of 20000 is 800
800 is the interest of 1/2 year
total is 800×3=2400
hope this answer helpful u
Answered by
1
Answer:
hპყმ
Step-by-step explanation:
If the compound interest is half yearly .
Amount = P [ 1 + r/200]²ⁿ
= $ 20000 [1 + 4/200]³
= $ 20000 x 51/50 x 51/50 x 51/50
= $ 20000 x 132651/125000
= $21224.16
Amount = $21224.16
Thank u.
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