Question

Calculate the amount and compound interest on$10000 for 1 year at 9% per annum compounded half yearly:-):-):-):-) . Give the correct answer

Answer 1

hi!!

your answer!!!

principle=$10000

rate=9%

     =9/2=4.5%

time = 1 y

     = 1x 2 = 2

AMOUNT =

amount = principal( 1+rate/100)^t

= 10000( 1+4.5/100)^2

=10000(1+45/1000)^2

L.C.M.

=10000(1000/1000+45/10000)^2

=10000(1045/1000)^2

=10000 x 1045/1000 x 1045/1000

=$10920

COMPOUND INTEREST = amount - principal

=10920 - 10000

=$ 920

Answer 2

Here is your answer in the attachment

Hope it helps you
please mark me as brainliest