Question

What will Rs. 17500 amount to after 1 year at the rate of 4% per annum when interest is computed halfyearly.​

Answer 1

Answer:

amount = 18200

Step-by-step explanation:

principal = 17500

rate = 4%

time = 1 years

SI = P×R×T

SI = 100

SI = 17500×4×1

SI = 100

SI= 175 ×4 ×1

SI = 700

amount = Principal + interest

amount = 17500 + 700

amount = 18,200

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