1. If the interest is compounded half-yearly, then what will be the compound interest (in Rs) on a sum of Rs 10000 for 1 year at the rate of 10% per annum?





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  • By: anil on 05 May 2019 02.05 am
    Principal sum = Rs. 10,000 Rate of interest = 10% and time period = 1 year Compound interest compounded half yearly = $$P[(1+frac{R}{200})^{2T}-1]$$ = $$10,000[(1+frac{10}{200})^2-1]$$ = $$10,000[(frac{21}{20})^2-1]$$ = $$10,000(frac{441-400}{400})$$ = $$10,000 imesfrac{41}{400}$$ = $$25 imes41=Rs.$$ $$1025$$ => Ans - (D)
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