Question

Madhu deposited Rs. 20,000 in a bank at 10% per annum. Find the difference in the compound interest after one and a half year if interest is calculated (i)yearly (ii) half yearly
Find the compound interest on Rs. 6000 at 12% per annum compounded half yearly for 2years

Answer 1

Answer:

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Step-by-step explanation:

Madhu diposited Rs 20000 in a bank,

Rate=10% per annum compounded half yearly,

Time=

2

3

years.

We know that,

Total amount= Principle+CI

For interest compounded half yearly,

Total amount =P(1+(

200

R

))

2n

=20000(1+(

200

10

))

2×

2

3

=

200×200×200

20000×210×210×210

=22050

Interest=Amount−Principle

=22050−20000

=2050 Rs