Question

Find the compound interest and the amount on rs 4000 at 4% p.a. for 1 year when interest is compounded half yearly.

Answer 1

Step-by-step explanation:

P=4000 ,rate=4% , time =1 year = 2 half year

for first half yearly

4000*4*1/100= 160

principal for second half year

4000+160=4160

p=4160, rate =4%, time= 1half year

=4160*4*1/100=166.4

Amount = p+si

4160+166.4=4326.4