Question

calculate the compound interest and amount if the interest is compounded half yearly and its principle is 7000 and time is 1.5 years and rate is equal to 12% per annum by brainly​

Answer 1

Answer:

Compound interest= Rs. 1337.112

Amount= Rs. 8337.112

Step-by-step explanation:

Principal = Rs.7000

Time=1.5 years

Rate%p.a.=12%

Since the amount is compounded half yearly , rate becomes half and time gets doubled.

• New time=1.5×2= 3 years
• New rate%p.a.= 12/6= 6%

A=p(1+r/100)^t

a= 7000(1+6/100)^3

a= 7000(100/100+6/100)^3

a=7000(106/100)^3

7000×106/100×106/100×106/100

8,337,112,000/ 1000000= Rs.8337.112

Amount = Rs.8337.112

Compound interest = Amount - principal

= 8337.112-7000 = Rs.1337.112

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