Question

What will be the compound interest
accrued on an amount of Rs. 14000 at the rate of 10% pa in two years, if the interest is compounded half-yearly by effective percentage method​

Answer 1

Answer:

principal-14000

Rate of interest-10%pa

Time-2 year

simple interest- p*r*t/100

14000x10x2/10

=2800 ans.