Q2. Find the amount and C.I. of Rs.50000 in 1(1/2) years at 10% per annum compound half
yearly
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Step-by-step explanation:
Compound Interest
Find the C.I on Rs. 5000 at 10%
Find the C.I on Rs. 5000 at 10% per annum compounded semi-annually for 211 year.
ANSWER
PrincipalP==5000Rs
Compond Rate per annum=10%
Compound Rate half yearly=210=5%=r
Time=5.5yrs=5.5×2=11=n half years
A=P×(1+100r)n
A=5000×(1+1005)11
A=5000×(1+(0.05))11
A=5000×(1.05)11
A=5×1.71
A=8550Rs
CI=A−P=8550−5000=3550Rs
Hence the answer is 3550Rs
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