Question

*What is the compound interest on Rs. 200 for 1 year at 10% rate compounded half-yearly*

1️⃣ Rs.200
2️⃣ Rs.220.50
3️⃣ Rs. 320.50
4️⃣ Rs. 100.50​

Answer 1

Given : Rs. 200 for 1 year at 10% rate compounded half-yearly

To Find : compound interest

Solution:

P = 200

R = 10 % per annum = 5  % half yearly

n = 1 year = 2 Half years

A = P(1 + R/100)ⁿ

Compound interest = A - P

A = 200(1 + 5/100)²

=> A = 200(21/20)²

=> A = 200 * 441 /400

=> A = 220.5

compounded interest = 220.5 - 200 Rs 20.5

Learn More:

brainly.in/question/29847755

write the formula to find the amount on compound interest and ...

brainly.in/question/9047173

calculate the compound interest for the second year on rupees 8000 ..

brainly.in/question/17821541