Find the amount and the compound interest on `Rs 10,000` for `(1) 1/2` years at `10%` per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?

Explanation

Principle amount=10,000

Time=1.5 years= 3 half years

Interest rate=10% per year=5% per half year

`A=P(1+R/100)^n`

`A=10,000(1+0.05)^3`
`A=10,000(1.157)`
A=11576 Rs