Question

find the compound interest on 10000 for 1 year at 10% per annum interest compounded half yearly

Answer 1

when compound half yearly
r=10=10/2=5
rate =5percent
time 1*2=2years
CI=p*r/100. for first year
CI=10000*5/100
CI=100*5
CI=500
A=P+I
A=10000+500=10500
CI=p*r/100. for second year
CI=10500*5/100
CI=105*5
CI=525
A=P*I
A=10500+525
A=11025
CI=A-P
CI=11025=10000
CI=1025