Question

2. Find the compound interest on 3,000 at the rate of 6% per annum for 1/2 years compounded half-yearly?​

Answer 1

Answer:

Step-by-step explanation:

P=Rs 3000

r=6%

t=1/2 years

the question is very simple as it is asked for just 1/2 years

compound interest=(3000×6×1/2)/100=Rs.90

we can also find the compound interest using the formula

C.I.=P((1+r/200)²ⁿ-1) where C.I. is the compound interest,n is the time period and r is the rate of interest.

C.I.=3000((1+6/200)¹-1)=3000(206/200-1)=3000×6/200=90

so the compound interest =Rs.90

here,simply saying,here in this question,S.I=C.I

hope this helps you

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