Find the interest on ₹ 24000 for 1 month at the rate of 10%.
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Find the interest on ₹ 24000 for 1 month at the rate of 10%.
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Answer:
P=24000Rs
n=3 because due to semi-annually 3×
2
1
months are there
r=10% but for
2
1
years r=
2
10
=5%.
Amount =P(1+
100
r
)
n
=24000(1+0.05)
3
=24000×1.05×1.05×1.05
Amount =27783
CI=27783−24000
CI=3783.
Answer:
simple interst basic formula using here
24000*10/100=2400