find the amount and the compound interest on ₹10, 000 for 2 years at 10%
per annum, compounded half yearly. Would this interest be more than the
interest he would get if it was compounded annually
Answers
Answered by
2
Answer:
Compound Interest annually
P×(1+R/100)²
10000×(1+10/100)²
10000×11/10×11/10
10000×121/100
two Zeros Cancel
so
100×121=12100
Amount =10000-12100
2100
compound Interest Half Yearly
P×(1+R/2)/100²
10000×(1+5/100)²
10000×21×20×21×20
10000×441/400
two Zeros Cancel
100×441/4
44100/4
11025 .
compound Interest Is More .
Similar questions
Physics,
1 month ago
Business Studies,
1 month ago
Science,
3 months ago
Math,
10 months ago
Hindi,
10 months ago