Find the compound interest on Rs 1000 for two years at 4% per annum
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Answered by
26
Answer:
Rs. 824.32
Step-by-step explanation:
10,000 in 2 years at 4% per annum, the interest being compounded half-yearly. Explanation:
Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.
Amount == Rs. 10824.32.
Rs.[10000*(1+2100)4]=Rs.[10000*5150*5150*5150*5150]
C.I. = Rs. (10824.32 - 10000) = Rs. 824.32
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Step-by-step explanation:
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