Question

find the amount and the compound interest on rs 10000 for 1 year at 12%per annum, compounded half yearly

Answer 1

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......

Answer 2

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..