Question

Compute the compound interest on 2560 for one year at 12-% per annum compounded
half-yearly.​

Answer 1

Answer:

P=2560

T=1 YEAR

R=12%

CI OF 1 ST HALF YEAR=

2560×12×1 UPON 100×2

=256×6 UPON 10

=153.6

A=2560+153.6

= 2713.6

CI FOR 2 ND HALF YEAR =

2713.6×12×1 UPON 100×2

=162.81

A=2713.6+162.81

=2876.41

TOTAL CI =153.6+162.81

=316.41