Find the compound interest on 100000 at 10 percent for 1 year compound half yearly
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Answered by
2
Answer:
where, A=P(1+R200)n[for 6 months]∴ A=P(1+R200)n=100000(1+10200)n[∴n=1 for 6 months]=100000×2120=105000∴ Compound interest, CI = A - P = Rs. 105000 - Rs. 100000 = Rs. 5000.
Answered by
0
Step-by-step explanation:
We know that, CI=A−P
And where for six months amount, A=P(1+
200
R
)
n
Interest for next six months:
As per question,
A=P(1+
200
R
)
n
=105000(1+
200
10
)
1
=Rs. 110250
Cl=110250−105000=Rs. 5250
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