Question

calculate the amount and compound interest on
Rs.62,500 for 1 1/2 year at 8% per annum compounded half year​

Answer 1

Step-by-step explanation:

a = p ( 1+ r/100)^t

or, a = 62500 x (1+8/100)^5.5

or, a = 62500 x (1.08)^5.5

or, a= 62500 x 1.53

or, a = 95625

interest = 95625 - 62500

I = 33125