Question

Calculate the amount and CI if the interest is compounded half-yearly. Principal= 4000rs R= 10% p.a and time is One and a half years​

Answer 1

Answer:

amount=4630.5 interest=630.5

Step-by-step explanation:

Given,

Principal= 4000rs R= 10% p.a and time is One and a half years​

compounded half yearly

time is 6 months * 3=1 1/2years

interest=10/2=>5 %

CI for first 6 months:

5%of 4000=200

CI for 2nd 6 months:

5% of (4000+200)

5% of 4200=210

CI for last 6 months:

5% of 4200+210

5%of 4410=220.5

Amount=4410+220.5

            =4630.5

Interest=200+210+220.5

           =630.5