Q. 8. Find the amount and the compound interest on 10,000 for 15 years at 10% per 2 annum, compounded half-yearly. Would

Question

Q. 8. Find the amount and the compound
interest on 10,000 for 15 years at 10% per
2
annum, compounded half-yearly.
Would this interest be more than the interest
he would get if it was compounded annually ?​

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Camila 2 months 2021-08-13T09:00:41+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-08-13T09:02:26+00:00

    Step-by-step explanation:

    Compounded half yearly:

    A=P(1+

    200

    r

    )

    2n

    ×(1+

    100

    br

    )

    =10000(1+

    200

    10

    )

    (2)

    ×

    1+

    100

    2

    1

    ×10

    =10000(1.1025)(1.05)

    =11576.25

    Amount =Rs.11,576.25

    CI=A−P=Rs.1576.25

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