Question

find the CI on 4500rs at 10% PA for 5 years, compounded half yearly​

Answer 1

Answer:

• a = 4500 ×(1+ R/100)
• a = 4500 ×(1+ R/100) =4500× (1+10/100)
• a = 4500 ×(1+ R/100) =4500× (1+10/100) amount =4500×(11/10)
• a = 4500 ×(1+ R/100) =4500× (1+10/100) amount =4500×(11/10) =4950
• a = 4500 ×(1+ R/100) =4500× (1+10/100) amount =4500×(11/10) =4950CI = amount - principal
• a = 4500 ×(1+ R/100) =4500× (1+10/100) amount =4500×(11/10) =4950CI = amount - principal = 400