Question

Calculate the amount on rs 37500, at 8%p.A compounded halfyearly for 1 1/2 year

Answer 1

Answer :

The amount after 3 year at 4% rate is Rs. 42,000.

Step by step explanation :

Hey Mate,

In Compound Half Yearly, Interest will be half and Time get double.

So,

New

R = 4 %

T = 3 Years.

P = 37,500

So,

S.I = ( PRT/ 100 )

S.I = ( 37,500 × 4 × 3 ) / 100

S.I = Rs. 4500

So, The amount should be S.I + Principle

A = 4500 + 37,500

A = ₹ 42,000

Answer 2

Answer:Rs. 42182.40

Step-by-step explanation:

⇒ Principal = Rs. 37500

⇒ Rate = 8% per annum

⇒ Time = 3/2 years

⇒ Compound amount = Principal{1 + (rate/200)}(2 × time) = 37500{1 + (8/200)}{2 × (3/2)} = 37500(26/25)3 = Rs. 42182.40