Tina borrowed 2000 at 20% p.a. compounded half yearly . The amount of money she needs to discharge her debt after 3 by 2 years is
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hi!!
your answer
principal=2000
rate=20%
=20/2= 10%
time= 3/2
= 3/2 x 2 = 3
amount = principal(1 + rate/100)^t
= 2000( 1 + 10/100)^3
L.C.M
= 2000( 100/100 +10/100)^3
= 2000( 110/100 )^3
=2000 x 110/100 x 110/100 x 110/100
=Rs 2662
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