Question

Calculate the amout and the compound interest on 8000 for 1 and half years at 10% p.a,compounded half yearly

Answer 1

Step-by-step explanation:

Compound interest on principal amount of 8000 ruppees for 1 1/2 years at 10% interest rate => 8000((1+10/100)^3/2 -1) => 1229.52 ruppees. Amount need to paid at the end of 1 and 1/2 years => Principal + Compound Interest => 8000+1229.52 =>9229.52 ruppees. Hope it helps you.