calculate the amount and compound interest of 10000 for one year at 5% per annum compounded half yearly
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it amount is twenty year
yas123:
no it is not coreect
the corrwct answer is
A = P ( 1 + R / 100 ) then..... P = 10000, R = 5% adn T = 1 year 10000 ( 1 + 5/ 100 ) = 10000 (105 / 100 ) = 10000×105/100=100 × 105 = 10500 then..... interest = A - P .... = 10500 - 10000
sorry but I didn't understand
it compound half yearly so rate will be half =5/2 and time will be double ie t=2
of thank you
then it is 500
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no
time was one year
and rate was 5%
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