Question

find the amount and the compound interest on Rs 10000 for 1 and half years at 10% per annum compounded half yearly​

Answer 1

Answer:

Amount= Rs. 11576.25

Compound Interest= Rs. 11576.25

Step-by-step explanation:

Principal= Rs. 10000

Rate of Interest= 10%

Time= 1.5 years

Amount= P(1+$\frac{R}{200}$)^2n

             = 10000(1+$\frac{10}{200}$)^2*1.5

             = 10000(21/20)^3

             = 10000*(21/20)*(21/20)*(21/20)

             = Rs. 11576.25

Compound Interest= Amount- Principal

                                = 11576.25-10000

                                = Rs. 1576.25