Question

Find the compound interest on a sum of ₹15000 for one year at 5% per annum, compounded half-yearly.​

Answer 1

PRINCIPAL=15000. RATE =5℅ TIME = 1 YRS

AMOUNT= P[1+r/100×2]^t×2

AMOUNT= 15000[1+5/100×2]¹×²

AMOUNT=15000[1+5/200]²

AMOUNT=15000[205/200]²

AMOUNT=15000×205/200×205/200

AMOUNT=15759.375

C.I. = A - P

C.I.= 15759.375 - 15000

C.I. = 759.375