Question

1. Calculate the amount and compound interest on 18,000 for 1(½) years at 10% per
annum compounded half yearly.



can someone help me with this please.​

Answer 1

Answer:

Rs. 20,700

Step-by-step explanation:

1 and half years = 1.5 years

Interest = (P × R × T)/100 = (18000 × 10 × 1.5)/100 = 270000/100 = Rs. 2700

Total money he has to give = 18000 + 2700 = Rs. 20,700

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