Find the amount and the compound interest on 24,000 for six months if – InterviewSolution

1.	Find the amount and the compound interest on 24,000 for six months if theinterest is payable quarterly at the rate of 20 paise a rupee per annum.
Answer» A=P(1+R/300)^2 =24000(1+20/300)^2=24000(32/30)^2 so A=27306.67so interest=3306.67

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