Question

Calculate amount and compound interest on : RS 9600 for 1½ years at 8% p.a. compound half-yearly.​

Answer 1

Answer:

CI=1198.7,A=10,798.7

Step-by-step explanation:

Given, interest per annum=8%

so half yearly it will be 4%

P=₹ 9600. T=1.5 years

so, A=9600x26x26x26/(25x25x25)=10,798.7

CI=A-P

=10,798.7-9600

=₹ 1198.7

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