calculate the amount and compound interest on 10,000 for 1 year at 5% per annum compounded half yearly
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1
for 1 st half year,
I = P*R*T/100 = 10000*5*1/100 = 500
A= P+I = 10500
For 2nd half year,
I = P*R*T/100 = 10500*5*1/100 = 525
A= P+I = 11025
CI= A-P = 11025 - 10000 = 1025
A = 11025
I = P*R*T/100 = 10000*5*1/100 = 500
A= P+I = 10500
For 2nd half year,
I = P*R*T/100 = 10500*5*1/100 = 525
A= P+I = 11025
CI= A-P = 11025 - 10000 = 1025
A = 11025
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5
This is the answer according to me . Hope it helps you.
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