calculate the amount and compound interest for ₹62500 for 1 and 1/2 year at 8% per annum compound half yearly
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PriyaRathi:
when it is compounded half yearly we will divide rate by 2.
and multiply time by 2.
formula of amount when interest is compounded half yearly= A=p(1+R/100)2n
we can use formula of compounded annually by dividing and multiplying by 2.
you can see the second answer.
oh so through both way is this the same answer
i mean will both the answers come same
yes
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P= 62500
r=8per cent =8/2=4
t=1 and half year=3 half years
c.i =62500×1+4/100^3-1
62500×1+1/25^3-1
r=8per cent =8/2=4
t=1 and half year=3 half years
c.i =62500×1+4/100^3-1
62500×1+1/25^3-1
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