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1. Find the compound interest on 4000 for 1 years at 5% per annum compounded half-yearly. interest on 10,000 for one year at 6% per annum, if the interest is
compounded half-yearly
Answers
Step-by-step explanation:
Amount =4000
YEARLY interest =5%
Half year interest =2.5%
interest =4000(1+0.025)^2-4000=4202.50-4000
interest =202.50
Amount =10000
YEARLY interest =6%
Half year interest =3%
interest =10000(1+0.03)^2-10000=10609-10000
interest =609
Answer:
here is your answer.....
formula of compound interest calculated half yearly : A = P ( 1 + R/200 )ⁿ
Principal,P = 4000
Rate of interest , R= 5%
Time period , N = 1
Theref0ore
A = 400 ( 1 + 5/200 )¹
= 4000 ( 205/200)¹
= 4000*205/200
= 4100
CI = A - P
= 4100- 4000
= ₹100
2) P = 10000
R = 6%
N = 1
A = P ( 1 + R / 200 )ⁿ
10000(1+6/200)¹
10000(206/200)¹
10000*206/100
100*206
20600
CI = A - P
= 20600 - 10000
= 10600
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