Question

7. Find the amount and the compound interest on 10000 for 3 years at 12% per annum, compounded hali
yearly.
Chantellano
007
holf or for​

Answer 1

ⓢⓞⓛⓤⓣⓘⓞⓝ

=>Principal=10000ruppes

=>time=3×1/2=3/2 years

=>rate of interest=6%

To solve the Amount we use the formula of Amount

Amount=p(1+6/100)³(1+3/100)¹

=10000×53/50×53/50×103/100ruppes

=11573.08 ruppes

Amount=11573.08 ruppes

Compound interest or ci=11573.08-10000ruppes

=1573.08 ruppes

compound interest =p(1+r/100)t

compound interest:-

compound interest is interest calculated on the Amount that includes the principal plus accumulated interest of the previous period