Question

Find the compound interest on 2,000 for 1 and half year
years at 10% p.a., when the interest
is compounded half yearly.
​

Answer 1

Answer:

Compound interest=P(1+r÷100)power n

Here. P=2000,

r=10

n=1 and 1÷2

Compound interest=

2000(1+10÷100)½

=2000(1+1÷10)½

=2000(11÷10)½