calculate the amount and compound interest on rs 62,500 for 2 1/2 years at 8% per annum compounded half yearly
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Answered by
1
Answer:
The amount is Rs.70304 and Compound interest is Rs.7804
Step-by-step explanation:
Principal = 62500
Time = 3/2 years
Rate of interest = 8 % = 0.08
Compounded half yearly
No. of compounds per year = 2
Formula :
Interest = Amount - Principal = 70304- 62500=7804
Hence the amount is Rs.70304 and Compound interest is Rs.7804
Answered by
1
Answer:
answer is 12500
Step-by-step explanation:
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