Question

@Find the compound interest on Rs 5000 at the rate of 10% p.a. compounded semi
annually for years.
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Answer 1

A=P(1+r/n)^nt

A=Amount after period of time=?

P=₹5000

r=10/100=0.1

n=semi=1/2

t=1yr

Therefore, A=5000{1+(0.1/0.5)}^0.5

A=₹5477.2