find the compound interest on 10000 Rupees at 5% per annum for 2 correct 1 upon 2 years the interest payable half-yearly
Answers
here is your ansewr friend......
friend first of all we need to find the ammount because the formula of compound intrest is C.I = Ammount - principal..........and the formula of ammount is p[1 + R/100)^n.....so, lets find out.........
p = ₹10000
R= 5%
N= 1/2 yrs.
Friend in half yearly we use some rules........in half yearly the rate is half and the time is double.........
so the rate becomes 5/2% and the time becomes 3yrs.
The formula of ammount is p[1+R/100]^n
the statement becomes = 10000[1+5/2*100]^3
= 10000[1+5/200]^3
=10000[200+5/200]^3
=10000[205/200]^3
= 10000*205/200*205/200*205/200
= 205/2*205/2*205/200
= 205/2*205/2*41/40
= 1723025\160
Ammount = ₹10768.90
C.I = Ammount - principal
= 10768.90- 10000
= ₹768.90
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