Question

b) Find the amount and CI on Rs. 5000 for 1 years at 14% p.a. compounded
half yearly
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Answer 1

Explanation:

T = 2 yr , R - 7% ,P- 5000

5000× 7/100= 350 × 2=700

350× 7/100 = 24.5×1=24.5

c.i - 724.5

amount - 5724.5

Answer 2

Answer:

5,725

Explanation:

Principle = p = 5,000

Time = 1 yrs

Rate of interest = 14% i.e. 0.14%

$\green{\boxed{CI = P(1+i)^n-1}}$

$CI = 5,000(1+0.07)^2-1$

$CI = 5,000(1.07)^2-1$

$CI = 5,000 * 0.1449$

$\blue{\bold{CI = 725}}$

Thus the compound interest for 5,000 at 14% for 1 yrs is 725

$\blue{Amt = Principle + interest}$

$Amt = 5,000 + 725$

$\green{Amt = 5,725}$

Thus the amount is 5,725.00