Question

₹ 62,500 for years eg at 8% per annum 1. compounded half yearly. ​

Answer 1

Step-by-step explanation:

Principal (P) = ₹62,500

Rate = 8% per annum or 4% per half year

number of years = 1 ½

There will be 3 half years in 1 ½ years

A = P (1+ R/100) = Rs [ 62500(1+4/100)³]

= Rs (62500 × 26/25 × 26/25 × 26/25)

= Rs 70304

C.I = A - P = Rs 70304 - Rs 62500 = Rs 7804