Question

find the compound intresr

Answer 1

Answer:

Step-by-step explanation: principal: 1000

Time= 1 half yearly=1×2=2

Rate=2% half yearly=2÷2=1%

Amount=P{1+R/100}^t

Amount=1000(1+1/100) ^1

Amount=1000×101/100

Amount=10×101

Amount=1010

Compound Interest=amount-principal

CI=1010-1000

Compound interest=10₹half yearly