Question

Calculate tge amount on rs 37500 @ 8%pa compounded half yearly for one and half years

Answer 1

Answer:

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Step-by-step explanation:

In Compound Half Yearly, Interest will be half and Time get double.

So,

New

R = 4 %

T = 3 Years.

P = 37,500

So,

S.I = ( PRT/ 100 )

S.I = ( 37,500 × 4 × 3 ) / 100

S.I = Rs. 4500

So, The amount should be S.I + Principle

A = 4500 + 37,500

A = ₹ 42,000