Question

6. Find the compound interest on 2,50000 the rate of 8% per annum for 3/2 years when interest is
compounded half-yearly

​

Answer 1

Answer:

Rate=8%

T= 3/2 years

Principle=1000 Rupees compounded half years.

⇒∴Rate= 8/2 =4%

⇒Time= 3/2 ×2years=3years

⇒C.I=P[H ×R/100] ^t

⇒C.I=1000[1+ 4/100 ] ^3

Compound interest=1000×104×104×104/100×100×100

=1124.864Rupees