Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The…

Question

Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half - yearly for first one year ans in the next year it was compounded yearly. What will be the total interest earned at the…

Accepted Answer

Option C. Rs. 9040. Answer & Solution Answer: Option C Solution: & Amount & = Rs. [ 20000 ( 1 + 10100 )^2 ( 1 + 20100 ) ] & = Rs. ( 20000 × 1110 × 1110 × 6/5 ) & = Rs.29040 & C .I . = Rs. ( 29040 - 20000 ) & \,\,\,\,\,\,\,\,\,\,\, = Rs. 9040

Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half - yearly for first one year ans in the next year it was compounded yearly. What will be the total interest earned at the end of 2 year ?

Solution