Question

find the compound interest on rs 10000 in 2years at 4% per annum the interest being compounded half yearly​

Answer 1

I hope that it will helps you.

Answer 2

The compound interest on rs 10000 in 2years at 4% per annum the interest being compounded half yearly​ is Rs.824.3216

Step-by-step explanation:

Principal = Rs.10000

Time = 2 years

Rate of interest = 4%

No. of compounds per year = 2

Formula : $A = P(1+\frac{r}{n})^{nt}$

Where A is amount

P is principal

r = rate of interest

n = no. of compounds per year

Substitute the values in the formula :

A = 10000(1+\frac{0.04}{2})^{2 \times 2}

A = 10824.3216

Interest = Amount - Principal

Interest = 10824.3216-10000

Interest = 824.3216

Hence the compound interest on rs 10000 in 2years at 4% per annum the interest being compounded half yearly​ is Rs.824.3216

#Learn more:

Find the compound interest on Rs. 20,000 in 2 years at 4 % per annum, the interest being compounded half-yearly.

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