Question

find the compound interest on rs2000 for 1 year at 5% per annum, interest being compounded half-yearly . also calculate the interest if it was compounded annually. which is more and by how much?​

Answer 1

Answer:

For the first year, P=Rs.2000,R=5%

so, I =

100

P×R×T

=

100

Rs.2100×5×1

=Rs.105

The amount after the second year =Rs.2100+Rs.105

=Rs.2205

Final amount =Rs.2205

Hence, Compound Interest = final amount - original amount

=Rs.2205−Rs.2000=Rs.205

Step-by-step explanation:

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Answer 2

Answer:

The answe is 233 for the following question