sana deposited 4000in a bank for one and half years the bank gives a half yearly compound intrest at 10 percent per annum find the compound intrest
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4
Answer:
For compound interest
Amount = P(1 + R/100)^n
= 4000(1 + 10/100)^n
= 4000(11/10)^3
= 4*(11)^3
= 4*1331
= 5324
Therefore,
Compound interest
= A - P
= 5324 - 4000
= Rs 1324
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5
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