the compund interest on Rs5000 for 1 year at 4 percent per annum, the interest being compounded half yearly is
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P = Rs 5,000
n = 1 year / 6 months = 2 times compounding is done.
r = 4 % per annum = 2 % per 6 months.
C. I. = P (1 + r ) ² - P
= 5000 (1.02)² - 5000 = Rs 202.
n = 1 year / 6 months = 2 times compounding is done.
r = 4 % per annum = 2 % per 6 months.
C. I. = P (1 + r ) ² - P
= 5000 (1.02)² - 5000 = Rs 202.
kvnmurty:
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