Question

find the amount and the CI on
2000 in one at 10% per annum compound half yearly ​

Answer 1

Answer:

Say, when compounded annually for 2 years, the principal amount with interest accrued at the end of first year becomes the principal for the second year. Abbreviated as Amount = P * [1 + R/100]t, when compounded annually. Sometimes, the interest is also calculated half-yearly or quarterly