What is the CI for Rs 2400 at 10% for 1 year compounded half yearly.

1.	What is the CI for Rs 2400 at 10% for 1 year compounded half yearly.
Answer» Answer: 2646-2400 =246 rs Step-by-step EXPLANATION: Principal is 2400 rate is 5 % (bcoz 10% is anualy rate but compouned for half yearly) time is one YEAR means 2 times (6+6 months) Now => 2400×105/100×105/100 => 24×105×105/100 => 264600/100 => 2646 rs => 246 RS is the ci of one year

Answer»

Answer:

2646-2400 =246 rs

Step-by-step EXPLANATION:

Principal is 2400

rate is 5 % (bcoz 10% is anualy rate but compouned for half yearly)

time is one YEAR means 2 times (6+6 months)

Now

=> 2400×105/100×105/100

=> 24×105×105/100

=> 264600/100

=> 2646 rs

=> 246 RS is the ci of one year

Discussion