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How we find compound interest half …

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How we find compound interest half yearly..? And what is compound interest..?

Posted by Nagavelli Nagarani 6 years, 9 months ago

CBSE > Class 08 > Mathematics

1 answers

Sia ? 6 years, 9 months ago

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words,interest on interest.
To find compound interest when interest is compounded half yearly, we use the following formula.
A = P ( 1 + r/2)²ⁿ and C.I = A - P
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.

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Posted by Monika 8B 9 months ago

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