Question

Find the compound interest on Rs.50,000 for 2 years at the rate of 8% per
annum compounded half-yearly.​

Answer 1

Step-by-step explanation:

P = 50000

N = 2 years

R = 8% per annum

A = P(1+R/200)^2N

= 50000 (1+8/200)^4

= 50000 (26/25)^4

= 50000 (26/25)*(26/25)*(26/25)*(26/25)

A = Rs. 58492.93

CI = A-P

= 58492.93 - 50000

= 8492.93

8492.93 is the ANSWER.

PLS MARK AS THE BRAINLIEST ANSWER

Answer 2

Given:

P = 50000

N = 2 years

R = 8% per annum

To Find:

Find the compound interest if compounded half-yearly.

Solution:

We know that,

P = 50000

N = 2 years

R = 8% per annum

So,

A = P(1+R/200)^2N

   = 50000 (1+8/200)^4

   = 50000 (26/25)^4

   = 50000 (26/25)*(26/25)*(26/25)*(26/25)

   = Rs. 58492.93

CI = A - P

   = 58492.93 - 50000

   = 8492.93

Hence, compound interest on Rs.50,000 for 2 years at the rate of 8% per

annum compounded half-yearly is Rs. 8492.93