Question

1 1/2
years at 16% per annum
1
Compute the compound interest on 5,000 for 1
compounded half-yearly.
1.
0
nor annum for nine months when​

Answer 1

Answer:

Rs. 624.32

Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.