Question

find the amount and compound interest on 10000 for 1.5 year at 10% per annum compounded half-yearly would this interest be more than the get if it was compounded annually?


please any one give the solution of this question then I will make you brainlist! and check the correct answer of it is rupees 11576.25; rupee 1576.25​

Answer 1

Answer:

   years

Rate = 10% per annum

CASE 1  Interest on compounded half yearly.

Rate = 10% per annum  = 5 % per half yearly

  

 = Amount

CI = Amount - principal

CI  = 

CI = 1576.25

CASE 2     Interest on compounded anually

Rate = 10% per annum

 = Amount

CI = Amount - principal

CI  = 

CI = 1000

 

Interest for half years on 11000 = 

= 550

Total interest = 

                    = RS 1550

Thus, interest would be more in CASE 1 i.e. compounded half yearly

Step-by-step explanation:

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