A sum of 1,000 is invested for 1 year at 10% per annum. Find the interest if the interest is compounded half-yearly.
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Answered by
2
P=1000
R=10%
T=1year=2halves
amt.=1000×{1+(10/100)}
=1000×{11/10}
=1000×11/10
=1100
CI=Amt.-P
=1100-1000
=100
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Answered by
1
Answer:
Rs.50
Step-by-step explanation:
Amount = P (1+R/100)^T
A= 1000 (1+10/100)^1/2
A= 1000 (1+5/100)^1
A= 1000 (1+1/20)
A= 1000×21/20
A=Rs.1050
C.I = Amount - Principal
C.I = Rs.1050-1000
C.I = Rs. 50
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