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The compound interest on half-yearly rests on ` 10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is .?
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The compound interest on half-yearly rests on ` 10,000 the rate for th...
Compound Interest Calculation on Half-Yearly Rests

Given:
Principal amount (P) = Rs. 10,000
Rate of interest for the first and second years (r1) = 6% per annum
Rate of interest for the third year (r2) = 9% per annum

Formula for Compound Interest:
The formula to calculate compound interest is:
A = P(1 + r/n)^(nt) - P

Where:
A = the final amount including interest
P = the principal amount
r = the annual interest rate (as a decimal)
n = the number of times that interest is compounded per year
t = the number of years

In this case, the interest is compounded on a half-yearly basis, so n = 2.

Calculating interest for the first and second years:
- For the first and second years, the interest rate is 6% per annum.
- Since the interest is compounded half-yearly, the effective interest rate for each half-year period is 6%/2 = 3%.
- The total number of half-year periods for two years is 2*2 = 4.

Using the compound interest formula:
A1 = P(1 + r/n)^(nt) - P
A1 = 10000(1 + 0.03/2)^(2*2) - 10000
A1 = 10000(1.015)^4 - 10000
A1 = 10000(1.0616025) - 10000
A1 = 10616.03 - 10000
A1 = Rs. 616.03

Calculating interest for the third year:
- For the third year, the interest rate is 9% per annum.
- Since the interest is compounded half-yearly, the effective interest rate for each half-year period is 9%/2 = 4.5%.
- The total number of half-year periods for one year is 2*1 = 2.

Using the compound interest formula:
A2 = P(1 + r/n)^(nt) - P
A2 = 10000(1 + 0.045/2)^(2*1) - 10000
A2 = 10000(1.0225)^2 - 10000
A2 = 10000(1.04500625) - 10000
A2 = Rs. 450.06

Total Compound Interest:
The total compound interest is the sum of interest earned for the first and second years (A1) and interest earned for the third year (A2).

Total Compound Interest = A1 + A2
Total Compound Interest = Rs. 616.03 + Rs. 450.06
Total Compound Interest = Rs. 1066.09

Therefore, the compound interest on Rs. 10,000 at the given rates for the first and second years being 6% and for the third year 9% per annum, with half-yearly rests, is Rs. 1066.09.
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The compound interest on half-yearly rests on ` 10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is .?
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The compound interest on half-yearly rests on ` 10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is .? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The compound interest on half-yearly rests on ` 10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The compound interest on half-yearly rests on ` 10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is .?.
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