Question

find the compound interest on₹50000 for 2 years at 2%per annum compounded half yearly.​

Answer 1

Answer:

CI = P (1 + R/2/100 )^2n - P

CI = P [ (1 + 2/2/100)^2n - 1]

CI = 50,000 [ (101/100)^4-1]

CI = 50,000 { [ (101)^2 - (100)^2) ] * [ (101)^2 + (100) ^2 ] } / (100)^4

CI = 50,000 * 201 * 20201 / (100)^4

CI = 2030.2005