What is the compound interest on Rs 38000 at 20% per annum for a period of
3/2
years compounded semi - annually
Answers
Answered by
3
Answer:
Principal = Rs 38000
Time =3/2 yrs
Rate of Interest = 20%
Compound Interest is calculated semi-annually , so time will be double (Time =3/2×2=3yrs) and also rate will be halved (Rate=20%/2=10%)
Compound Interest calculated Semi-annually = P(1+R/100)^n
=38000×(1+10/100)^3
=38000×11/10×11/10×11/10
=38×11×11×11
=Rs 50,578(Answer)
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Answered by
1
answer
p =38000
T=3/2=2year semi annually
rate equals to 20% =10%semi annually
amount=principal [ 1+r%/100]n
amount=38000(1+10%/100)3 power h
38000(100+10/100)3power h
38000(110/100)3
3800×1.1×1.1×1.1
=50578
compound interest =amount-principal
50578-38000
12578
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