Math, asked by vidyanandfavd, 4 months ago

what will be 7 upon 2 years compound interest at the rate of 20% of₹20000​

Answers

Answered by mrmukuldadheech786
0

Answer:

Step-by-step explanation:

Lets simplify the years

7/2 means 3.5

Then the rate for 3 years is 20% and for 6months it will be 10%

Amount = 20000 x 120/100 x 120/100 x 120/100 x 110/100

Amount = 20000 x 6/5 x 6/5 x 6/5 x 11/10

Amount = 20000 x 216 x 11/1250

Amount = 16 x 216 x 11

Amount = 38016

Compound interest = amount - principle

Compound interest = 38016 - 20000

Compound interest = 18016

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