Find the compound interest on 5000 at the rate of 10% p.a. compounded – InterviewSolution

1.	Find the compound interest on 5000 at the rate of 10% p.a. compounded semi- annually for 1 1/2
Answer» 3550RsStep-by-step explanation:PrincipalP==5000RsCompond RATE per annum=10%Compound Rate HALF yearly=210=5%=rTime=5.5yrs=5.5×2=11=n half yearsA=P×(1+100r)nA=5000×(1+1005)11A=5000×(1+(0.05))11A=5000×(1.05)11A=5×1.71A=8550RsCI=A−P=8550−5000=3550RsHence the ANSWER is 3550Rs

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