Question

❤❤hello guys ❤❤please solve it if the interest is compounded half yearly calculate the annual when the principal is Rs 7400 the rate of interest at 5% and duration is one year​

Answer 1

Answer:

here is your ANSWER mate

Step-by-step explanation:

Given Principal = 7400 rupees, r = 5%, n = 1 year.

Given that Interest is compounded half-yearly.

We know that A = P(1 + r/2 * 100)^n * 2

                           = P(1 + 5/200)^1 * 2

                           = 7400(1 + 1/40)^2

                           = 7400(41/40)^2

                           = 7400(1681/1600)

                           = 12439400/1600

                           = 7774.625.

Therefore, Amount = 7774.625.

We know that C.I = A - P

                            = 7774.625 - 7400

                            = 374.625.

Therefore, Compound Interest = 374.625.

Hope this helps!

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