Question

find the amount and compound interest on rupees 10000 for one and half years at 10% p.a, compounded half yearly.

Answer 1

i think u alreay knew bt i am just reminding u that if compounded half yearly is given then rate will be divided and time will be multiplied with 2

Answer 2

Answer:

P= 10,000

Rate of interest= 10% per annum

Time period= ¹½

CI= P(1+R/100)^n-10,000

=10000(100+5/100)^3-10000

=10000(105/100)^3-10000

=10000*1157625/1000000-10000

=1157625/100-10000

=11576.25-10000

1579.25

Amount=?

CI= A-P

A= CI+P

A= 1576.25+10000

=11576.25