Math, asked by khushirughani86, 4 months ago

What will be the interest on a sum of Rs:-48,000 invested for 1.5 years at 10% per annum compounded half yearly.

Answers

Answered by abhikj79

3

Answer:

7,566

Step-by-step explanation:

A = P (1+R/100) ^n

Interest is compounded half yearly so

A = P (1+R/200)^2n

A = 48,000(1+10/200)^3

A= 48,000(21/20)^3

A= 48,000×21/20×21/20×21/20

A=55,566

Compound interest= 55,566-48,000

=7,566

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