Question

Find the amount and the compound interest on 50000 for 1 years at 8% per annum, the interest
being compounded semi-annually.

Answer 1

Answer:

Compound amount=p(1+R/100)^n

=50000(1+4/100)²

=50000(100+4/100)²

=50000(104/100)²

=50000×104/100×104/100

=5×104×104

=5×10816

=54080

Compound interest = Compound amount - Principle

=54080-50000

=4080

Answer 2

Answer:

Step-by-step explanation:

56243.20,6243.20