Question

find amount rupees-4000 for 2years at 10% when compounded half yearly​

Answer 1

Answer:

Principal = (P) = ₹4,000.

Time (t) = 2 years.

Rate (R1) = 10% and rate (R2) = 15%

Amount = P (1 + (R1/100)) (1 + (R2/100))

= ₹ 4,000 (1 + (10/100)) (1 + (15/100))

= ₹ 4,000 × 11/10 × 23/20 = ₹5060.

C.I. = Amount – Principal.

= ₹5060 - ₹4000 = ₹1060.