## 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 ?

in progress
0

Math
2 months
2021-08-13T09:00:41+00:00
2021-08-13T09:00:41+00:00 1 Answer
0 views
0
## Answers ( )

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