Question

Calculate the amount and compound interest on Rs 62,500 for 1 years at 8% per annum compounded half yearly.​

Answer 1

Answer:

a = si + p

a

$\frac{62500 \times 1 \times 8}{100} = 625 \times 8 =5000$

a = 62500 + 5000 = 67500 rs

compound interest = find urself