Question

pls answer this question
Find the CI, if Rs 5000 was invested for 2 years at 10% p.a. compounded half-yearly?​

Answer 1

Answer:

1077.53

Step-by-step explanation:

Given:

Principle (P) = 5,000

Rate (R) = 10% i.e. 0.1%

Compound semi annually

I.e. 0.1 ÷ 2 = 0.05

Time (N) = 2 yrs

$CI = P[(1 + i)^n-1]$

$CI = 5,000[(1 + 0.05)^4-1]$

$[(1.05)^4-1] = 0.21550625$

CI = 4,000 × 0.21550625  = 1077.53

CI = 1077.53