Without using C. I. formula, calculate Compound interest ona) rs. 6000

1.	Without using C. I. formula, calculate Compound interest ona) rs. 6000 for 2 years at 10% p.a.b) 50,000 for 2 1/2years at 10%p.a
Answer» Answer: Rs.615 Step-by-step explanation: The COMPOUND interest on Rs. 6000 at 10% per annum for one year , COMPOUNDED half-yearly is =6000×(1+ 2×100 100 ) 2 −6000 =6000× 20 21 × 20 21 −6000 =6615−6000=615. So the compound interest is Rs. 615.

Without using C. I. formula, calculate Compound interest ona) rs. 6000 for 2 years at 10% p.a.b) 50,000 for 2 1/2years at 10%p.a

Answer»

Answer:

Rs.615

Step-by-step explanation:

The COMPOUND interest on Rs. 6000 at 10% per annum for one year , COMPOUNDED half-yearly is =6000×(1+

2×100

100

)

−6000

=6000×

−6000

=6615−6000=615.

So the compound interest is Rs. 615.