Question

Find compound interest on RS 1000 in one year at 5% per Annum when the interest is calculated half yearly? pz pz Gys help me ​

Answer 1

I hope it will help you.

Answer 2

Principal = Rs1000.                     (given)

Interest for 1 year = 5%.              (given)

But interest for 6 month = 2.5%

Amount = Rs1000×2.5%=Rs 1025

∴ CI = Rs (1025 - 1000) = Rs 25

Hence , half yearly interest will be Rs 25.

Ans :- Half yearly interest will be Rs 25.

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