Question

calculate compound interest on 4000 for 2 years at 10%. P. a interest bring compounded semi-annually​

Answer 1

Answer:

44620.25

Step-by-step explanation:

P= 4000

R=10%

T=2 years ( half yearly)

Amount = p(1+R/100)n

4000(1+5/100)4

4000(100+5/100)4

4000(105/100)4

4000(21/20)4

48620.25

C. I = Amount - principle

48620.25 - 4000

44620.25