Question

Find the compound interest on 40,000 for 1×1÷2 years at 10% per annum, when the interest is compounded semi-annually.​

Answer 1

Answer:

4152.5

Step-by-step explanation:

P=40,000

T=1 year

R=10%

When payable quarterly,

C.I=P(1+

4×100

R

)

4×T

−P

=40000(1+

400

10

)

4

−40000

=40000(

40

41

)

4

−40000

=4152.5

∴C.I=Rs.4152.5