Question

calaulate the coumpound interest on 10000 rupes for 2years at 7 percent per annum in simple interest method
​

Answer 1

Answer:

1400 is the right answer hope It helped you

Answer 2

Answer:

Step-by-step explanation:

Now, we have given that Principal sum =10,000

Rate of interest =4 per annum

Time period =2 years

We have given that the compound interest being compounded half yearly, so the time period will be 4 yearsand the rate of interest will be half i.e. 2 because when interest is compounded half yearly the rate of interest will be R2.

Now, we have to calculate the Amount, so we put all values in the formula

Amount =P(1+R100)T

⇒10000(1+2100)4

⇒10000(1+150)4⇒10000×(5150)×(5150)×(5150)×(5150)⇒10.2×10.2×10.2×10.2⇒10824.32

The Amount will be Rs. 10824.32

Now we have to calculate compound interest.

We know that Compound interest = Amount – Principal

Putting the values, Compound interest will be

=10824.32−10000=824.32

So, the compound interest on Rs 10000 in 2 years at 4 per annum being compounded half yearly is Rs.824.32