Question

Find the compound interest on rs 40,000 for ¹½ years at 10℅ per annum , when the interest is compounded semi annually​

Answer 1

Step-by-step explanation:

We have find first amount to found compound interest

So we start

Principle =40000

Rate=10/2=5%

Time=1/2x2=3years

Amount=Principle x(1+Rate/100)

=40000x (21/20)3

=40000x21x21x21/20x20x20

46305is amount

Compound interest=Amount - Principal

=46305-40000

=6305is the compound interest