Question

calculate compound interest on 1000 over a period of 1year at 10%per annum if interest is compound half yearly
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Answer 1

✨✨Hey mate✨✨

Here is the solution :-

Given ,

P = Rs. 1000

T = 1 year = 2 half - year

Rate = 10%/annum = 5% / half year .

CI = A - P

$a \: = \: p \: ( \: 1 \: + r + \div 100) ^{2} \:$

A = 1000 ( 1 + 5/100)²

=> 1000 × 105/100 × 105/100

=> 105 × 105/10

=> 11025 /10

=> 1102.5

Amount = Rs. 1102.5

Then, CI = A - P

=> 1102.5 - 1000

=> 102.5

CI = Rs. 102.5

Hope it will help you.....

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