Question

find compound intrest if rs 1000 at 2% p.a for 1 year compounded half yearly

Answer 1

A=P(1+r/2)power 2n
here n=number of years
A=1000(1+2/2)power 2×1
A=1000(5/2)power 2
A=1000(2.5)power 2
A=1000×5
A=5000

C.I. =A-P
C.I=5000-1000
C.I.=4000



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