Find compound interest on ₹ 5000 for 2 years at 10% per

Find compound interest on ₹ 5000 for 2 years at 10% per annum, compounded half-yearly.

Using the given formula ,

A = P		1 +	r		^2t
			200

Interest is compounded half-yearly ,
Here, P = ₹ 5000 , r = 10% per annum , t = 2 years

So, A = 5000		1 +	10		⁴
			200

A = 5000		1 +	5		⁴
			100

A = 5000 ×	194481	=	194481
	160000		32

A = ₹ 6077.5
∴ CI = A - P
CI = ₹ (6077.5 – 5000) = ₹ 1077.5.