Question

rahim deposited 10000 rupees in a bank which pays interest compounded half yearly the annual rate of interest is 10% how much should he get back after one year​

Answer 1

Answer:

1025

Step-by-step explanation:

Compound half yearly so,

R=10/2=5%

T=1×2=2 years

use the formula CI=P(1+R/100)^T-1

we get the answer 1025.

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