The compound interest on Rs. 24000 at 10% per annum for

The compound interest on Rs. 24000 at 10% per annum for 1 1 years,
2
interest being compounded semi-annually is :

Here , P = Rs. 24000 , Rate = 10% per annum = 5% per half year

Time = 1	1	years = 3 half years
	2

∴ C.I. = P			1 +	R		^T	− 1
				100

C.I. = 24000			1 +	5		³	− 1
				100

C.I. = 24000			1 +	1		³	− 1
				20

C.I. = 24000			21		³	− 1
			20

C.I. = 24000		9261	− 1
		8000

C.I. = 24000		9261 - 8000
		8000

C.I. = 24000 ×		1261
		8000

C.I. =	24000 × 1261	= Rs. 3783
	8000

The compound interest on Rs. 24000 at 10% per annum for 1	1	years,
	2