Find the compound interest on Rs. 5000 in 2 years at 4% per annum, the interest being compounded half yearly.
R 412.16
R 312.16
R 400.16
R 420.16
Here, Principal P = Rs. 5000 Rate R = 4% pa Time n = 2 years Now according to the formula, Amount =P(1+R2×100)2n=5000(1+4200)4 =(5000×5150×5150×5150×5150)=(51×51×51×511250) =R5412.16 ∴CompoundInterest=R(5412.16–5000)=R412.16
B
412.16
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