pleeeeeeeeeeeeeeeeeeeeeeeeee se solve the problem.
1 -) calculate the amount and the compound interest on ₹9,000 for 1 years at 10 % p. a Compounded half years.
answer - _________________________________________
I answer key answer is = ₹9922.5, ₹922.5
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Answer:
rate = 10% per annum
= 5% per half year
time =1year = 2 half year
original principal = ₹ 9000
intrest for the first half year = 9000×5×1/100= 450
amount at the end of the first half year= 9000+ 450=9450
princpal for the 2 nd half year = 9450
intreast for second half year = 9450×5×1/100
945/2=472.5
amount = 9450+ 472.5
= 9922.5
compound intrest= amount - principle
= 9922.5 - 9000
=922.5
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