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  • Find the compound interest on Rs. 5000 in 2 years at 4% per annum, the interest being compounded half yearly.  Option: 1 R 412.16<

Find the compound interest on Rs. 5000 in 2 years at 4% per annum, the interest being compounded half yearly.

 

Option: 1

R 412.16


Option: 2

R 312.16


Option: 3

R 400.16


Option: 4

R 420.16

 


Answers (3)

best_answer

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

 

Posted by

rishi.raj

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B

Posted by

Varshitha

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412.16

Posted by

NARENDAR

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