Question

find the total amount and intrest after 1 year if the intrest is compounded half yearly. principle is 4000 rate is 10 percent​

Answer 1

Answer:

A = P[1+R/100]^N

P = 4000, R = 10/2 = 5%, N = 2 [COMPOUNDED HALF YEARLY IN 1 YEAR]

= 4000[105/100]^2

= 4,410

THUS, CI = A-P

= 4,410 - 4,000 = 410 RS

Step-by-step explanation:

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