5. Find the compound interest on Rs
10000 for 1 and half years at 10 % per
annum compounded half yearly
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Answer:
Step-by-step explanation:
when compound half yearly
r=10=10/2=5
rate =5percent
time 1*2=2years
CI=p*r/100. for first year
CI=10000*5/100
CI=100*5
CI=500
A=P+I
A=10000+500=10500
CI=p*r/100. for second year
CI=10500*5/100
CI=105*5
CI=525
A=P*I
A=10500+525
A=11025
CI=A-P
CI=11025=10000
CI=1025
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