Question

3 Find the compound interest on 5000 at the rate of 10% p.a. compounded semi-annually for 1*1/2 years
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Answer 1

Answer:

PrincipalP==5000Rs

Compond Rate per annum=10%

Compound Rate half yearly=

2

10

=5%=r

Time=5.5yrs=5.5×2=11=n half years

A=P×(1+

100

r

)

n

A=5000×(1+

100

5

)

11

A=5000×(1+(0.05))

11

A=5000×(1.05)

11

A=5×1.71

A=8550Rs

CI=A−P=8550−5000=3550Rs

Hence the answer is 3550Rs

Step-by-step explanation:

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