Question

Calculate the compound interest on rs 4000 for 2 years at 10% per annum where interest compounded semi annually

Answer 1

when the interest is compounded semi anually we have k=2

Answer 2

Answer:

Explanation:A=p(1+r/n)^nt

A=4000(1+10/2×100)^2×2)

A=4000(1+0.05)^4

A=4000(1.05)^4

A=4000×1.21550625

There fore A=Rs 4862.025

Interest = Amount - Principal

Interest =862.025