Economy, asked by jaswanthisweety3457, 1 year ago

Find the compound interest on₹10000 in 2yr at 4% per annum,the interest being compounded half yearly

Answers

Answered by happy70
7
p= 10000

r=4/2 = 2%

t= 2yr = 4 times

A=P (1 + r /100)^

=10000 (1+ 2/100)^

10000×102/100 × 102/100 × 102/100
102/100

=10824.3216


CI =A-P

= 10824.3216 - 10000

interest =824.3216


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