Question

calculate the compound interest on rs 3500 at 6% per annum for 1 1/2 years the interest being compounded half yearly is

Answer 1

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P=3500

R=6%

T=3 yrs

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Interest is compounded annually .

Therefore,

• R=6/2 = 3%
• T=3×2 = 6yrs
• C.I = P (1+r/100)power n -1
• 3500 (1+3/100)power 6 -1

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Answer 2

Answer:

Given -

• P=3500

• R=6%

• T=3 yrs

Interest is compounded annually .

Therefore,

• R=6/2 = 3%
• T=3×2 = 6yrs
• C.I = P (1+r/100)power n -1
• 3500 (1+3/100)power 6 -1