Question

Find the amount and compound interst on 10000for 3 years at 20percent per annum,the interest is compound half yearly

Answer 1

Principal =10,000
Time=3years=6 half years
Rate=20%=sk it will be 10%
Amount =P(1+R)lower time
=10,000(1+10/100)power6
=10,000(11/10)power6
=10,000*11/10*11/10*11/10*11/10*11/10*11/10
=17,751.51 is amount.
C. I=A-P
=17,751.61-10,000
= 7,751.61is compound interest.
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