Question

If the interest is compounded half yearly then what will be the rate if it was initially 10% per annum?

one who will answer first and correctly will be marked brilienteist

Answer 1

Answer:

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Step-by-step explanation:

P= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years.

∴ Amount =[15000×(1+1005)2]

= Rs. (15000×2021×2021)

=16,537.50

Answer 2

Answer:

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