Question

Find compound interest on ₹2500 invested at 6% annually, compounded semi-annually for 2 years.

Answer 1

Answer

Principal=Rs2500

Rate=6%=3%semi annual

n=2years=4semi annual

Amount=(1+6/100)(1+6/100)×2500

=53/50×53/50×2500

=53×53

=2809

C.I=Rs2809-Rs2500

=Rs309

Answer 2

Answer:

Compound Interest=313.77=313.80

Step-by-step explanation:

Total Amount=(1+r/100)^(n)*p

(1+3/100)^4*2500

(1.03)^4*2500

1.12550881*2500

2,813.77

2813.77-2500

313.77,313.80C.I