Question

Find the compound interest on Rs 64000 for 1 year at the rate of 10% per annum compounded half yearly​

Answer 1

Step-by-step explanation:

P = Rs 64,000 , n = 2 ( one year means two half years for half yearly compounding )

r = 10%

C I = P [ (1+r/200)² - 1 ]

C I = 64000 [( 1 + 10/200) - 1 ]

C I = 64000 [ ( 21/20)² - 1 ]

C I = 64000 [ 441/400 - 1 ]

C I = 64000 [ (441 - 400) / 400 ]

C I = 64000 × 41/ 400

=> 160 × 41

=> Rs 6560

Answer 2

Answer:

6560

Step-by-step explanation:

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