Question

Find the amount and the compound interest on 50000 for 2 years at 2% per annum compounded
half yearly.
Find the compound interest on 5000 for 2 years at 5% per annum compounded half yearly.
plzzzz help me. plzzz​

Answer 1

Answer:

hope it helps

Step-by-step explanation:

Principal for the first year = Rs. 10000

Interest for the first year =

Rs \dfrac{10000 \times 5 \times 1}{100} = Rs. 500

[We are using the formula

S.I.=\dfrac{P \times R \times T}{100} ]

\therefore amount at the end of first year = Rs 10000 + Rs. 500 = Rs. 10500

Interest for the second year =

\dfrac{10500 \times 5 \times 1}{100} = Rs. 525

Principal of the second year was Rs. 10500 and so amount at the end of the second year = Rs. 10500 + Rs. 525 = Rs. 11025

So, Compound interest= Rs. (11025 – 10000) = Rs. 1025