Principal (P)=\ 24,000
Time (t) = 2 years
Rate(r)=10%/2=5% (compounded semi-annually i.e. half yearly)
CI=24,000[(1+5/100)²-1]
CI=24,000[1+1/20)²-1]
CI=24,000[20+1/20)²-1]
CI=24,000[21/20)²-1]
CI=24,000[441/400)-1]
CI=24,000[441-400/400]
CI=60[41]
CI=2,460
Hope this helps you
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Answers & Comments
Principal (P)=\ 24,000
Time (t) = 2 years
Rate(r)=10%/2=5% (compounded semi-annually i.e. half yearly)
CI=24,000[(1+5/100)²-1]
CI=24,000[1+1/20)²-1]
CI=24,000[20+1/20)²-1]
CI=24,000[21/20)²-1]
CI=24,000[441/400)-1]
CI=24,000[441-400/400]
CI=60[41]
CI=2,460
Hope this helps you
Please mark as brainliest