Question

calculate the amount and compound interest on

$c) \: rs \: 62500 \: for \: 1 \times \frac{1}{2} years \: at \: 8\%per \: annum$
$compounded \: half \: \\ yearly$

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Answer 1

Answer:

$\huge\fbox\red{Answer࿐}$

Given,

Principal (P) = 62500

Rate (R) = 8% per annum compounded half yearly

‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎= 8/2 % per half year

‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ = 4% per half year

Time (n) = 1 × 1/2 years

‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ = 3/2 years