Question

Calculate the amount on rupees 37500 at 8% per annum compounded half yearly for 1 and half year

Answer 1

$\huge\star\underline\mathfrak\red{Answer:-}$

Given:

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