Question

Calculate the amount and compound interest on Rs. 8000 in one year six months when compounded half-yearly at 15 %. ​

Answer 1

Answer:

here principal = 8000

time = 1 year 6 months

rate = 15 %

S.I.=? , amount =?

Step-by-step explanation:

S. I. =P*R*T /100

=$8000*15*18 months /100 = 21600

amount = Principal + Interest

= 8000 + 21600

= $ 29600