Math, asked by advaitk28, 10 months ago

find the amount and ci for ₹7400 at 5% per annum for one year if interest is compounded half yearly​

Answers

Answered by gadesiddhi24
1

Answer:

Step-by-step explanation:

Principal (p)= Rs 7400

rate (r) = 5%

time (t)= 1 year= 1/2 compounded half yearly

amount (A)= ?

compound interest (ci)= ?

For first 1/2 year,

I = (p*r*t)/100

I = {7400*5*(1/2)}/100*2

I = Rs 185

A = Rs (7400+ 185)

  = Rs 7585

for second 1/2 year,

I = {7585*5*(1/2)}/100*2

I = Rs 189.625

A = Rs(7485+ 189.625)

  = Rs 7674.625

CI= A-P

   = Rs ( 7674.625 - 7400)

   = Rs 274.625

Answered by layeshashetty21
0

Answer:

₹374.63

Step-by-step explanation:

CI=PRT/100

= 7400*5*1/100*2

= ₹185

A= CI+P

=7400+185

= 7585

CI(2)=PRT/100

= 7585*5*1/100*2

= 189.625

A= CI+P

= 7585+189.625

=7774.625

CI=A-P

= 7774.625-7400

= 374.63

Compound Interest is 374.63.

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