Question

4. Find the compound interest on 6,000 for year at the rate of 4% per annum, if the interest is:
a compounded half yearly
​

Answer 1

Answer:

do in this method only but this is not your answer for 4 there will be 10 change that and do

Step-by-step explanation:

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+

2×100

100

)

2

−6000

=6000×

20

21

×

20

21

−6000

=6615−6000=615.

So the compound interest is Rs. 615.