Question

1. Calculate the amount and CI on Rs.15000 for 1 years at 10%p.a compounded half yearly.


please write correct answer​

Answer 1

Answer:

Amount is 16537.5 Rs.

Compound interest is 1537.5 Rs

Step-by-step explanation:

P= 15000

R= 10%. =5% halfyearly

T= 1 year=2 half years

(For COMPOUND INTEREST compounded half yearly the rate of interest is divided by 2 and time is multiplied by 2.)

A=P(1+R/100) T

=15000(1+5/100)²

=15000(1.1025)

=16537.5

CI= A - P

= 16537.5-15000

=1537.5

Amount is 16537.5 Rs.

Compound interest is 1537.5 Rs

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Answer 2

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