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Calculate the Amount and the Compound Interest for the Following, When Cornpounded Half-yearly:

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प्रश्न

Calculate the amount and the compound interest for the following, when cornpounded half-yearly: 

Rs 6,000 for `1 1/2` years at 10 % p.a. 

योग
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उत्तर

Rs 6,000 for `1 1/2` years at 10 % p.a. 

P = Rs 6,000 ;  t = `1 1/2`  years ; r = 10 % p.a. = 5 %  half-yearly. 

`"A" = "P" (1 + "r"/100)^"n"`

A = Rs `6000 (1 + 5/100)^2 (1 + 10/100)^(1/2)`

= Rs 6000 × 1.05 × 1.05 ×  `(1 + 1/2 xx 10/100)` 

= Rs 61 000 x 1.05 x 1.05 x 1. 05

= Rs 6945.75 

C.l. = A - P

= Rs (6,945.75 - 6,000)

= Rs 945.75 

Hence, Amount= Rs 6,945.75 and C.I. =Rs 945.75 

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Finding CI from the Relation CI = A – P
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