![Trending Articles on Technical and Non Technical topics](/images/trending_categories.jpeg)
Data Structure
Networking
RDBMS
Operating System
Java
MS Excel
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
Let P is the principal and interest compounded half yearly at the rate of $ 20 \% $ per annum then amount after two years will be
Given:
Principal $=P$
Time $T=2\ years$
Rate of interest $R=20 \%$
To do:
We have to find the amount after 2 years.
Solution:
Time $= 2$ years
Rate of interest $=20 \%$ per annum compounded half-yearly
$r=\frac{R}{100}$
$r=\frac{20}{100}$
$r=0.2$ per year
Amount $= P(1+\frac{r}{n})^{nT} $
$= P(1+\frac{0.2}{2})^{2 \times 2}$
$= P(1.1)^4$
$= P(1.1)^4 $
$=1.4641P$
Amount after 2 years $=1.4641P$.
Advertisements