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The compound interest on half-yearly rests on Rs.10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is |
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Answer» Principal amount is Rs.10,000. 6% is the rate for `1^(st)`and `2^(nd)` year and 9% for the `3^(rd)` year. For half yearly we half the rate so 3% for `1^(st)` and `2^(nd)` year and `4.5%` for`3^(rd)` year and double the time period so 6 half yrs. Compound interest=total amount- principal amount =>`10,000(1+3/100)^4(1+9/200)^2-10,000` =>` Rs.2290` |
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