Question

Calculate the amount and the compound interest on ₹ 40000 for [3] years at 10% per annum, compounded half-yearly.​

Answer 1

step by step explaination:

here ,P=Rs.40000,r=10%and n =1

1/2=3/2years

hope it helps you

Answer 2

Answer:

For 1st year

Principal = Rs. 40,000

Rate = 10%

Time = 1 year

∴ Interest = (40,000 × 10 × 1)/100 = 400 × 10 = Rs. 4000

∴ Amount at the end of 1st year = Rs. (40,000 + 4000) = Rs. 44,000

For 2nd year

P = Rs. 44,000

R = 10%

T = 1 year

∴ Interest = Rs. (44,000 × 10 × 1)/100 = 440 × 10 = Rs. 4400

Thus interest earned in the second year = Rs. 4400