Rohan deposited a sum of ₹5496 in the Allahabad Bank for 5 year ,compounded half yearly at 10% per annum. find the

December 2022 1 4 Report

Rohan deposited a sum of ₹5496 in the Allahabad Bank for 5 year ,compounded half yearly at 10% per annum. find the compound interest he gets.

CI=P(1+R/100)

=5496(1+10/100)⁵

=5496(1+1/10)⁵

=5496×1.1×1.1×1.1×1.1×1.1

CI=8851.36

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