-1. Calculate the amount and the compound interest on 9,000 for 1 year at 10% p.a compounded half yearly.
Answers
Answer:
Principal (P) = Rs. 9000Rate (R)= 10% p.a.Period (n) = 2 years 4 months= 213 years∴ Amount (A)= P (1+R100)n=Rs. 9000 (1+10100)2 (1+10×1100×3)=Rs. 9000×1110×1110×3130=Rs. 11253∴ C.I. = A - P = Rs. 11253 - Rs. 9000=Rs. 2253
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