find the amount and the compound interest on ₹10, 000 for 2 years at 10%
per annum, compounded half yearly. Would this interest be more than the
interest he would get if it was compounded annually
per annum, compounded half yearly. Would this interest be more than the
interest he would get if it was compounded annually
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Answer:
Compound Interest annually
P×(1+R/100)²
10000×(1+10/100)²
10000×11/10×11/10
10000×121/100
two Zeros Cancel
so
100×121=12100
Amount =10000-12100
2100
compound Interest Half Yearly
P×(1+R/2)/100²
10000×(1+5/100)²
10000×21×20×21×20
10000×441/400
two Zeros Cancel
100×441/4
44100/4
11025 .
compound Interest Is More .