Question

the compound interest on half yearly rest on 10000 the rate for first and second year being 6% and for third year 9% pa is​

Answer 1

ANSWER:

Rs.2290

Step-by-step explanation:

Principal amount =  Rs.10,000.  (Given)

Rate for first year = 6%. (Given)

Rate for second year = 9%. (Given)

For the half yearly basis, we will half the rate, therefore

- 3% for 1st and 4.5% for the 2nd year and for 3rd year and doubling the time period, thus it will be 6 half yrs.

Compound interest = Total amount- Principal amount

= 10,000 (1+3/100)`4 (1 + 9/200)� −10,000

On solving -

= Rs.2290