Question

find the compound interest paid when the sum of one year Rs6000 invested for one year 10%per annum in compound half yearly.​

Answer 1

The answer is that $615 interest has been earned.

Finance Solver

n = 2

I% = 10

PV = -6000

pmt = 0

ppy/Cpy = 2

FV would equal 6615 so 6615-6000 = 615 intrest