Question

calculate the compound interest on Rs200 for 1 years at
2
10% per annum compounded semi-annually?
​

Answer 1

Answer:

Amount

$= p(1 + \frac{r}{100} ) ^{t}$

$= 200(1 + \frac{10}{100}) ^{2}$

$= 200( \frac{11}{10} )^{2}$

$= 200 \times \frac{11}{10} \times \frac{11}{10}$

$= 2 \times 11 \times 11$

$= rs44$

C.I.