Ravi invested an amount of 20,000 at 10% per annum. Find the compound interest received on the investment if the interest is compounded half-yearly.
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Subject:
Math -
Author:
javionpittman -
Created:
1 year ago
Answers 2
Answer:
9282
Step-by-step explanation:
Given:
P = 2000
t = 2 years
r = 20%
Concept used :
Amount = P[1 + (R/100)]T
When compounded half-yearly,
T = 2 × T
R = R/2
CI = A - P
Calculation:
If interest compounded half-yearly, then
T= 2 × 2 = 4
R = 20/2 = 10%
A = 20000 × (11/10) × (11/10) × (11/10) × (11/10)
⇒ A = 29282
CI = 29282 – 20000
⇒ CI = Rs. 9282
∴ CI is Rs 9282.
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Author:
jesus824
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Rate an answer:
9
Answer:
9282
Step-by-step explanation:
A=P(1+r/100)2n
A=20000(1+10/100)²
A=20000(11/10)²
A=20000×11/10×11/10×11/10×11/10
A=29282
C. I=A-P
C. I=29282-20000
C. I=9282
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Author:
kirad0fo
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Rate an answer:
5
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