Question

8% per annum equal to how many half year​

Answer 1

Answer:

Here, principal = $ 15625, rate = 8 % per annum = 4% per half-year, time = 1¹/₂ years = 3 half-years. =$ (15625 × 26/25 × 26/25 × 26/25)= $ 17576.

Hope it helps ❤❤

Answer 2

Solution:

Here, principal = $ 15625, rate = 8 % per annum = 4% per half-year,

time = 1¹/₂ years = 3 half-years.

Amount = $ [15625 × (1 + 4/100)³]

=$ (15625 × 26/25 × 26/25 × 26/25)= $ 17576.

Compound interest = $ (17576 - 15625) = $ 1951.