Question

Calculate the amount and Compound Interest on ₹ 62,500 for 1 ½ years at 8% per annum compounded half yearly.

Answer 1

Answer:

₹ 90,000

Step-by-step explanation:

Amount = ₹ 62,500

Time = 1 1/2 years (18 months)

Interest = 8 %

62500 X 18 = 11,25,000

112500 X 8% (0.08 %)

= ₹ 90,000

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