Question

computer the compound Interest RS-10000 for 1 year 6 month at 10%. per annum Compounded half yearly​

Answer 1

Compounded half yearly:

A=P(1+r/200)2n×(1+br/100)

=10000(1+10/200)²×(1+½×10/100)

=10000(1.1025)(1.05)

=11576.25

Amount =Rs.11,576.25

CI=A−P=Rs.1576.25