Question

Calculate the compound interest for Rs.2500 for 4 years at 8% per annum and calculate the compound interest in the above case when interest is compounded half-yearly. ​

Answer 1

Answer:

LETS START

Step-by-step explanation:

GIVEN,

I = rs 2500

t = 4yrs

r =  8%

then,

A = P( 1 + R x 2$)^{2*n}$

               100

2500 = p (1+8*2$)^{2*4}$

                 100

2500= p (1+4/25$)^{8}$

2500 = $29^{8}$/$25^{8}$

P = 2500 x 25

          29

P = 62500

          29

P = 2155.17 APPROX

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