Question

Calculate the compound interest on Rs. 6,000 for
2 years if the interest is payable half yearly and
the rate of interest for the first year is 9% per
annum and that of the second year is 6% per
annum.​

Answer 1

A=P(1+ R/100 )T

⇒A=6000(1+ 9/100)2

=6000×( 109/100)2

= 7128.6 /-

⇒ Compound interest = A-P.

= 7128.6 - 6000

= 1128.6/-