Question

calculate the amount and. compound interest on rs 20000 for 1 year at 10% per annum compound half yearly
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Answer 1

divide 20000 by 2 and multiple by 10/100 you will get your answer

Answer 2

Step-by-step explanation:

Principal (P) = ₹ 20,000

Time (t) = 1 year

Rate (r) = 10%

Amount = P × (1 + (r/2 × 100)) n × 2

₹ 20,000 × (1 + (10/200) 1 × 2

₹ 20,000 × (210/200)2

₹ 20,000 × 21/20 × 21/20

= ₹ 22,050

C.I. Amount – Principal

₹ 22,050 - ₹20,000

Rs. 2050