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