Question

1) Calculate the amount & compound interest on 18000 for 1/2 years at 10
annum compounded half yearly.​

Answer 1

Answer:

a=18,900

c.i=900

Step-by-step explanation:

so in half yearly the time will be ×2 = 1/2 years = 1 conversion periods

and the rate will be half = 5%

amount= p(1+r/100)^1

18000×105/1000= 18,900

c.i = a-p= 18,900-18000=900

so c.i= 900

amount= 18,900