Find CI, If Principal = 200, rate of interest=10%per annum , time= 5 years compounded semi-anually
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Answered by
1
Amount of interest per year is 10%
Amount of interest in 5 years is 50%
50% of 200 = 100
Total principal becomes 300
CI=100
Amount of interest in 5 years is 50%
50% of 200 = 100
Total principal becomes 300
CI=100
Answered by
1
Answer:
amount = P(1+r/100)^n
=200(1+10/100)^5
=200(11/10)^5
=200*16.1051
=rs 3221.02
please like
ci= A-P
=3221.02-200
=RS 3021.02
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