What would be the compound interest on Rs 25000 for 18 months at 20 % per annum when compounded half yearly ?
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Answer:
Rs.80,000 amount to Rs.96800 in 2 years at the rate of 20% p.a., if interest is compounded half yearly
Step-by-step explanation:
Principal = Rs.80000
Time t = 2 years
Rate of interest r = 20% =0.2
No. of compounds per year n = 2
Formula
Substitute the values in the formula :
A=96800
Hence Rs.80,000 amount to Rs.96800 in 2 years at the rate of 20% p.a., if interest is compounded half yearly.
Compound interest on ₹20000 for 2 years at 20%p.a. compounded half-yearly.
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