Question

calculate and compare the compound interest on rippers 25,000 for 3 year at 6 percent per annum if he interest is.calculate by Compounded half- yearly​

Answer 1

Answer:

Answer will be CI= Rs. 4775.40

Step-by-step explanation:

⇒ A=P[1+ r/100]^ n

⇒ A=Rs.25,000×( 106/100)³

⇒ 25,000× 50/53×50/53×50/53

⇒ A=Rs.29,775.40

⇒ CI=A−P

⇒ Rs.29,775.40−Rs.25,000

∴ Compound Interest=Rs.4775.40.

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