1. Find the amount and the compound interest on Rs 10,000 for years at 10% per annum,
compounded half yearly. Would this interest be more than the interest he would get if it was
compounded annually?
Answers
Answered by
0
Answer: Compounded half yearly:
A=P(1+
200
r
)
2n
×(1+
100
br
)
=10000(1+
200
10
)
(2)
×
⎝
⎜
⎜
⎛
1+
100
2
1
×10
⎠
⎟
⎟
⎞
=10000(1.1025)(1.05)
=11576.25
Amount =Rs.11,576.25
CI=A−P=Rs.1576.25
Similar questions