find the amount and the compound interest on rs 10000 for 1 year at 12%per annum, compounded half yearly
Answers
Answered by
97
Here is the step by step solution...
Principal = 10000
Time = 1 yr
Rate of interst= 12%
Compounded half-yearly
Principal=10000
Time = 1yr= 2 half year
Rate of interest = 12% per annum
= 12×1/2=6 haf year
Amount=P(1+R/100)^n
=10000(1+6/100)^2
=$11236
CI = Amount - Principal
= 11236 - 10000
=$1236
So, amount is$11236 nd CI is $1236.
HOPE IT WILL HELP U......
Answered by
6
Answer:
P-10000 time-1 year rate- 10%
A=P(1+r/100)¹
10000(1+10/100)
10000×110/100= 11000
CI= 11000-10000= RS 1000..
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