Find the compound interest on Rs. 10,000 for 112 years at 10% per annum, compounded half yearly.
Rs 11,576.25
Here, Principal (P) = Rs. 10000
Rate of interest (R) = 10% = 5% (Compounded half yearly)
Time (n) = 112 years = 3 years (compounded half yearly)
Amount (A) =P(1+R100)n=10000(1+5100)3=10000(1+120)3
=10000(2120)3=10000×2120×2120×2120
= Rs. 11,576.25