Question

Anuj deposited a sum of Rs.38000 in a branch of an international bank for 2 years, compounded half-yearly at 10% per annum. Find the compound interest he gets at the end of two years.
Please help me I want answer step by step full explaination​

Answer 1

$\bold \red{sure \: step \: wise \: solution \: availeble}$

8189.2375

${\fbox{step \: by \: step \: solution}}$

Principal ( P ) = Rs: ₹38000

Interest rate ( R ) = 10%

Time period ( T ) = 2 Year.

No. Of time applies in a year ( N ) :- 2

$C.I = P(1 + \frac{r}{n} ) {}^{nt} - p = 38000(1 + \frac{0.1}{2} ) 2 \star{2} - 38000$

= 46,189.2375 - 38000

8189.2375