Question

principle=3000,rate=10% per annum compounded half-yearly,time=2 years

Answer 1

Answer:

Answer ⤵️

Since the rate of interest is 10%per annum, therefore, the rate of interest half-yearly = 5%

Principal for the first half-yearly= ₹3000

Interest for the first half-yearly= ₹3000×5×1/100=₹150

Therefore Amount after the first half-yearly= ₹3000+₹150=₹3150

Principal for the second half-yearly= ₹3150

Interest for the second half-yearly= ₹3150×5×1/100=₹157.5

Therefore Compound interest on the above sum= ₹157.5+₹150=₹307.5

Step-by-step explanation:

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