Find the interest on rupees 5000 for 2 years at the rate of 5% compounded half yearly

Asked by ajayrath7 | 19th Dec, 2017, 07:45: PM

Expert Answer:

begin mathsize 16px style straight P equals Rs. space 5000 comma space straight n equals 2 space years comma space straight r equals 5 percent sign space straight p. straight a. space compounded space half space yearly
Amount equals straight P open parentheses 1 plus fraction numerator begin display style straight r over 2 end style over denominator 100 end fraction close parentheses to the power of 2 straight n end exponent
Amount equals 5000 open parentheses 1 plus fraction numerator 2.5 over denominator 100 end fraction close parentheses to the power of 2 cross times 2 end exponent
Amount equals 5000 cross times 1.025 to the power of 4
Amount equals Rs. space 5519.064
Interest space equals space amount space minus space Principal
Interest space equals space 5519.064 minus 5000
Interest space equals space Rs. space 519.064

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Answered by Sneha shidid | 20th Dec, 2017, 10:04: AM