Question

compute the compound interest on ₹5, 000 for 3/2 years at 16% per annum compound Half-yearly step by step ans​

Answer 1

Answer:

I need pts for ace so thanks and sorry

Answer 2

Answer:

1298.56

Step-by-step explanation:

Compund Intrest =

$compund \: intreset \: = \: p(1 + \frac{r}{100 \times m} )t \times m - p$

$= 5000(1 + \frac{16}{100 \times 2} ) \frac{3}{2} \times 2 - 5000$

$5000 \: ( {1.08}^{3} ) \: - 5000$

$= 50000 \times 1.26 - 5000 \: = 6298.56 - 5000 = 1298.56$