Question

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​

Answer 1

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 .