★ Question )
Find the CI, if Rs 5000 was invested for 2 years at 10% p.a. compounded half-yearly?
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Find the CI, if Rs 5000 was invested for 2 years at 10% p.a. compounded half-yearly?
➢No Copy from websites .
➢Be Brainly .
➢ Give Question explanation Properly .
Answers & Comments
Verified answer
Step-by-step explanation:
PrincipalP==5000Rs
Compond Rate per annum=10%
Compound Rate half yearly-210=5%=r
Time=5.5yrs-5.5×2=11=n half years
A=Px(1+100r)n
A=5000×(1+1005)11
A=5000×(1+(0.05))11
A=5000×(1.05)11
48
A=5×1.71
A=8550Rs
CI-A-P=8550-5000-3550Rs
Hence the answer is 3550Rs
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Answer:
hence the answer is 3550 RS