Question

Calculate the amount and compound interest . Principle = 31250 , Time = 1 complete 1/2 years, Rate = 8% p. a. compound half yearly .​

Answer 1

Answer:

Hiii

Here is your answer

Step-by-step explanation:

P=Rs.31259

R=8×2=16%p.a.

T=1/2×2=1half-yearly

Amount=P (1+R/100)*t

=Rs.31250 (1+16/100)

=Rs.31250 (116/100)

=Rs.625×58

=Rs.36250

Compound Interest =Amount-Principle

=Rs.(36,250-31,250)

=Rs.5000

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