Question

calculate the compound interest on Rs.15625 for 3/2 years at 8% per annum, compounded semi-annually​

Answer 1

Step-by-step explanation:

P=15625 R=8%. t=3/2 ×2=3years

amount=P(1+R/2×100)³

=15625(1+8/2×100)³

=15625(26/25)³

=17576

CI=A-P

=17576-15625

=rs1951