calculate the amount and compound interest on rupees 62500 for 1 and half years at 8% per annum compounded half yearly
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Answered by
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Principal (P) = Rs 62,500
Rate = 8% per annum or 4% per half year
Number of years = 1 1/2
There will be 3 half years in 1 1/2 years.
A = p(1 + R/100)n = Rs [62500(1 + 4/100)3]
= Rs (62500 x 26/25 x 26/25 x26/25)
= Rs 70304
C.I. = A − P = Rs 70304 − Rs 62500 = Rs 7,804
Answered by
1
Answer:
Principal (P) = Rs 62,500
Rate = 8% per annum or 4% per half year
Number of years = 1 1/2
There will be 3 half years in 1 1/2 years.
A = p(1 + R/100)n = Rs [62500(1 + 4/100)3]
= Rs (62500 x 26/25 x 26/25 x26/25)
= Rs 70304
C.I. = A − P = Rs 70304 − Rs 62500 = Rs 7,804
Step-by-step explanation:
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