Question

a sum of ₹12500 is invested at 6%p.a annually 2 and half years.Find the amount at the end of 2 and a half year.


answer is 14466.35
I need explanation​

Answer 1

Step-by-step explanation:

To find compound interest when interest is compounded half-yearly we use formula

A=P(1+ 2r ) 2n

Here, P=Rs.12000,r=10% and n=1.5 years

Hence,A=12000(1+0.05) 3

A=12000×1.157625

A=Rs.13891.5

this is correct answer not that