A sum of 93,750 is deposited in a bank at 8% rate of interest p.a. compounded half yearly for
1.5 years. What will be the interest earned in a year?
Answers
Answered by
2
Answer:
The answer is 135000 .
Step-by-step explanation:
By the formula P×T×R\100
Answered by
5
Answer:
11706
Step-by-step explanation:
as it is compounded half yearly the rate will be halved and the time will be doubled
Formula for Amount = P(1+R/100)^T
=93750(100+4/100)^3
= 93750×26/100×26/100×26/100
= 93750×17576/15625
= 1647750000/15625
Amount = ₹105456
C.I= 105456-93750
C.I= ₹11706
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