Question

Help me please
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Step by Step ?

Answer 1

Answer:

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✠

Given:−

Given:−

➾ Principle = ₹4000

➾ Rate = 5 %

➾ Time = 1 year

➾ Compounded = half yearly

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

✠

ToFind:−

ToFind:−

➾ Compound Interest = ?

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

✠

Solution:−

Solution:−

❒ Formula Used :

C.I=P(1+

100

R

)

T

−P

➢Here :

➳ C.I = Compound Interest = ?

➳ P = Principle = 4000

➳ R = Rate = 5 %

➳ T = Time = 2T

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❒ Finding the compound interest :

➙ C.I = P(1 + R/100)^T - P

➙ C.I = 4000(1 + 5/100)^2 - 4000

➙ C.I = 4000(1 + 0.05)^2 - 4000

➙ C.I = 4000(1.05)^2 - 4000

➙ C.I = 4000 × 1.1025 - 4000

➙ C.I = 4410 - 4000

➙ C.I = Rs.410

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❒ Therefore :

❝ Compound interest on the sum of Rs.4000 is ₹ 410 . ❞

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