Question

find the compound interest on rupees 5000 for 2 years at the rate of 10% per annum the interest being compounded half yearly​

Answer 1

Answer:

PrincipalP==5000Rs

Compond Rate per annum=10%

Compound Rate half yearly=

2

10

=5%=r

Time=5.5yrs=5.5×2=11=n half years

A=P×(1+

100

r

)

n

A=5000×(1+

100

5

)

11

A=5000×(1+(0.05))

11

A=5000×(1.05)

11

A=5×1.71

A=8550Rs

CI=A−P=8550−5000=3550Rs

Hence the answer is 3550Rs

Answer 2

THE ABOVE USER'S ANSWER IS TOTALLY CORRECT