Question

find compound interest on rupees 10000 for 3/2 year at interest calculated half yearly​

Answer 1

Answer:

Compounded half yearly:

A=P(1+200r)2n×(1+100br)=10000(1+20010)(2)×⎝⎜⎜⎛1+10021×10⎠⎟⎟⎞=10000(1.1025)(1.05)=11576.25

Amount =Rs.11,576.25

CI=A−P=Rs.1576.25