Find the amount and the C.I. on Rs.5000 for 1 and a half years at 20% p.a. compounded half yearly.
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4
Answer:
Interest is compounded half-yeary,
Principal=₹5000
Rate=20%p.a.=20/2=10%p.a.
Time=1 year=1*2=2 years
Amount=P(1+R/100)^T
Amount=5000(1+10/100)^2
=5000*11/10*11/10
=50*121
=₹6050
Hence, amount is ₹6050
Now, compound ineterst compunded half-yearly=Amount-Principal
CI=A-P
CI=₹6050-₹5000
CI=₹1050
Hence, Amount is ₹6050 and compound interest is ₹1050
Hope it helped u dear frnd :)
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