+ 1,000 at 10% compound interest per annum compounded annually for three
years. Find which investment is better.
M/ Meera Associates let out 4,00.000 for one year at 16% per annum
compounded annually. How much they could earn if the interest is compounded
half-y
Answers
Answered by
4
Answer:
As interest is compounded half yearly, so there will be 2 conversion periods in a year.
So, n=2
Rate of interest for 6 months rate =
2
1
×10%=5%
A=P(1+
100
R
)
n
A=1000(1+
100
5
)
2
=1000(
100
105
)
2
=Rs.1102.50
HOPE THIS WILL HELP YOU...
thank you!!
Compound interest =A−P=1102.50−1000=Rs.102.50
Answered by
4
Answer:
see the above answer
Similar questions