6000 rupees 10% p.a 2 in half year C.i...
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6000 rupees 10% p.a 2 in half year C.i...
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Answer:
500rs
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Step-by-step explanation:
Future value = Present Value *( 1+ r/n)^nt
Where,
r = yearly rate of interest
n = Number of compounding periods a year.
t = number of years.
Plugging in the values,
FV = 6000 * ( 1+0.10/2)^(2*2)
FV= 6000 * (1.05)^4
FV = 6000 * 1.21156
FV= 7293.
So the accrued compound interest is 7293–6000= 1293.