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shamakhiani
@shamakhiani
June 2021
1
10
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find the compound interest on Rs. 50000 for 1 year at 14% per annum, compounded half-yearly
Answers & Comments
saniketkashyap
ANSWER;
Rate of interest= 14 %
Per annum = 7% per half yearly .
Time = 1 years .
Principal = Rs. 50000.
Interest for the first half year
= Rs .( 50000 × 7 ×1 ) / 100
=. Rs . 3500
Amount. = ( 50000 + 3500 )
= Rs .53500
CI = Amount - Principal
= (53500 - 50000)
= Rs. 3500
2 votes
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Answers & Comments
ANSWER;
Rate of interest= 14 %
Per annum = 7% per half yearly .
Time = 1 years .
Principal = Rs. 50000.
Interest for the first half year
= Rs .( 50000 × 7 ×1 ) / 100
=. Rs . 3500
Amount. = ( 50000 + 3500 )
= Rs .53500
CI = Amount - Principal
= (53500 - 50000)
= Rs. 3500