Question

calculate the amount and compound interest on rs 10000 for 3/2 year at 8% compound half yearly
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Answer 1

Answer:

Calculate: Total P+I (A)

Where: A = P(1 + r/n)^(nt)

Principal (P): $ 10,000.00

Rate (R): % annual 8

Compound (n): Compounding Semi-Annually (2/Yr)

Time (t in years): 1.5

Answer:

A = $ 11,248.64

A = P + I where

P (principal) = $ 10,000.00

I (interest) = $ 1,248.64