Question

find the amount and the compound interest on rupees 10000 for 1 whole 1 by 2 year at 10% per annum compounded half yearly would this interest be more than the interest he would get if it was compounded annually e​

Answer 1

amount=?

principal=10000

rate=10%

time=1 1/2=3/2

amount = p(1+r/100)^3/2

a=10000(100+10/100)^3/2

a=10000(110/100)^3/2

a=10000[(10.4880884817015/10)^2]3/2

a=10000(10.4880884817015/10)^2*3/2

a,10000(10.4880884817015/10)^3

a=10000(1153.68973298716/1000)

a=10000(1.15368973298716)

a=11536.8973298716