Question

Amit deposit a sum of ₹ 50,000 in a bank for 2 years compounded half yearly at 10% per annum. find the compound interest he gets (please full explain).​​

Answer 1

Answer:

principal = 50000

Time = 2yrs

Rate% = 10%

compounded half yearly so

amount = p(1+r/100×2)n×2

= 50000(1+10/100×2)2×2

50000(1+10/200)4

50000(1+1/20)4

50000(21/20)4

50000×194481/160000

= 5×194481/6

= 60775.3125

amount= rupees 60775.3125

compound interest = 60775.3125 - 50000

= rupees 10775.3125

Answer 2

Answer:

$\huge\rm\underline\purple{Question :-}$

Amit deposit a sum of ₹ 50,000 in a bank for 2 years compounded half yearly at 10% per annum. find the compound interest he gets

$\huge\rm\underline\purple{Answer :-}$

Refers to the Attachment

hope it helps u

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