what would be the compound interest on a sum of rs 5000 for a period of one year if the interest 12petcent per annum confounded half yearly
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time become 2 nd rate of interest =6%
so ci = p { (1+r/100)^n -1 }
= 5000{ ( 53/50)^2 -1}
=5000{ ( 2809 - 2500/2500)
=5000(309/2500)=618 is the ci
so ci = p { (1+r/100)^n -1 }
= 5000{ ( 53/50)^2 -1}
=5000{ ( 2809 - 2500/2500)
=5000(309/2500)=618 is the ci
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