Question

1.
Compute the compound interest on 5,000 for 1½ years at 16%per annum compounded half - yearly​

Answer 1

Answer:

1.Time = 1 1/2 years = years. Rate of interest = 16 % ...

2.Time = = 3 duration. Simple interest on the period of six months i.e ,when, n=1, P= Rs 5,000,R=8% is given by the formula: =

3. Amount after six months = Rs 5,000 + Rs 400 = Rs 5,400. ...

4.Simple interest(6 Months to 12 Months) = Amount after 12 months = 5400 + 432 =Rs 5,83

Step-by-step explanation: