Question

1. Find the amount for the following given data.

1) Sum=Rs 5 5000, Rate of interest- 10%, time = 6 months, compounded half yearly

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Answer 1

Answer:

sum = 55000

rate % = 10 %

time = 6months = 1 / 2 year .

compound intrest for one year = 55000 × 10 × 1 / 100 = 5500

then , compound intrest for half year = (5500/2)=2750 .