Find compound interest on rs10000 in 2 yrsat 4% annum the interest being compounded halfyearly
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P=Rs10000, R=2% since half yearly and T/N=4
Therefore A=P(1+R/100)^N
=10000(26/25)^4
=10000 into 456976/390625
=Rs. 11,698.58
Therefore, CI = 11698.58 - 10000 = 1698.58
Therefore A=P(1+R/100)^N
=10000(26/25)^4
=10000 into 456976/390625
=Rs. 11,698.58
Therefore, CI = 11698.58 - 10000 = 1698.58
sonali7716:
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