5
I find the compound Interest on Rs. 10,000 for year
at 10% per annum, compounded half-yearly.
Answers
Answered by
1
Step-by-step explanation:
years
Rate = 10% per annum
CASE 1 Interest on compounded half yearly.
Rate = 10% per annum = 5 % per half yearly
= Amount
CI = Amount - principal
CI =
CI = 1576.25
CASE 2 Interest on compounded anually
Rate = 10% per annum
= Amount
CI = Amount - principal
CI =
CI = 1000
Interest for half years on 11000 =
= 550
Total interest =
= RS 1550
Since 1576.25
1000
Thus, interest would be more in CASE 1 i.e. compounded half yearly
Answered by
0
Step-by-step explanation:
formula use of
= p [ 1+r/ 100×2 ] n use by
p = 10000
r = 10 %
n = year =
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