Question

calculate the amount of interest of rupees 62500 compound interest at 8% per annum for 3/2 years​

Answer 1

Answer:

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Answer 2

Answer:

Step-by-step explanation:

Answer:

The amount is Rs.70304 and Compound interest is Rs.7804

Step-by-step explanation:

Principal = 62500

Time = 3/2 years

Rate of interest = 8 % = 0.08

Compounded half yearly

No. of compounds per year = 2

Formula :  

Interest = Amount - Principal = 70304- 62500=7804

Hence the amount is Rs.70304 and Compound interest is Rs.7804