Question

8. Find the amount and the compound interest on Rs.10,000 for years at 10% per annum, compounded half yearly.
Would this interest be more than the interest he would get if it was compounded annually?​

Answer 1

Answer:

ANSWER

Compounded half yearly:

A=P(1+

200

r

)

2n

×(1+

100

br

)

=10000(1+

200

10

)

(2)

×

⎝

⎜

⎜

⎛

1+

100

2

1

×10

⎠

⎟

⎟

⎞

=10000(1.1025)(1.05)

=11576.25

Amount =Rs.11,576.25

CI=A−P=Rs.1576.25