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

For first half year:-

CI= p*r*t/100

CI= 10rs

Amount at the end of first half= 210rs

For second half:-

New principal = 210

CI= p*r*t/100

CI= 10.5rs

Final amount = 210 + 10.5
= 220.5