Question

Find the compound interest for one year on rs 50000 at 10 percent per annum when compounded half yearly

Answer 1

Answer:

AMOUNT =Rs. 50000

INTEREST =10%/ANNUM

TIME = 1/2year (half year)

10% of 50000

10/100×50000

=Rs. 10×500

=Rs. 5000

Total Interest = Rs. 5000×1/2

= Rs. 2500