Find the compound Interest on Rs. 32000 at 20 | vedclass

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Question

Because the amount is compounded half-yearly

So, year $=$ year $	imes 2,$ rate $=\frac{	ext { rate }}{2}$

$	herefore$ year $=2$ years, rate $

Vedclass · Accepted Answer

$6720$

Vedclass · Answer

Because the amount is compounded half-yearly

So, year $=$ year $	imes 2,$ rate $=\frac{	ext { rate }}{2}$

$	herefore$ year $=2$ years, rate $=10 \%$

$\Rightarrow C I=P\left[\left(1+\frac{R}{100}ight)^{n}-1ight]=32000\left[\left(1+\frac{10}{100}ight)^{2}-1ight]=R s \cdot 6720$

Find the compound Interest on $Rs. 32000$ at $20 \%$ per annum for $1$ $year$, compounded half yearly (In $Rs.$)

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