Question

the compound interest on 5000 for 1 year at 4%p.a., the interest being compounded half yearly is

Answer 1

P = ₹5000,rate = 4% per annum = 2% per half year, time = 1 year = 2 half years

∴ amount = 5000×(1+2/100)×(1+2/100)

                 =₹5,202

∴C.I = ₹(5202-5000)

       =₹ 202