Question

The compound interest on rs. 10,000 in 2 years at 4% per annum the interest being compounded half yearly, is :

Answer 1

Here, P = 10000, R = 2%, T = 4

A = P[1+R/100]^T

10000 [1+2/100]^4

10000 [51/50]^4

10000 × 51/50 × 51/50 × 51/50 × 51/50 = 10824.3216

C.I. = A-P

10824.32 - 10000 = 824.32

Hence, the C.I. is ₹824.32

!!!!!!!! Mark as brainliest !!!!!!!!