Question

compute the compound interest on 5000 for 3/2 years at 16% per annum compounded half yearly


no spamming ..
no Goögle copied
one spam => 20+ans réport
don't know ans then keep away ​

Answer 1

Answer:

principal for the first half year is ₹5000

rate of interest 16% per annum

8% per half yearly

time period 5 / 2 years

3 half years

interest for the first half year = ₹ [5000×1×8/100]=400

so amount at the end of first half year is

₹(5000+400)

= 5400

so principal for the second half period is ₹5400

interest for second half year = [5400×1×8/100]=432

so amount at the end of second half year

5400 + 432

= 5832

therefore principal for the third half yearly is ₹5832

so interest for the third half year [5832×1×8/100]=466.56

_______________________________

amount at the end of 3rd half year

5832+466.56

6298.56

therefore compound interest is

6298.56 - 5000 = 1298.56

_______________________________

or

_______________________________

compound interest is equal to

400+432+466.56

=> 1298.56

________________________________

Answer 2

Answer:

principal for the first half year is ₹5000

rate of interest 16% per annum

8% per half yearly

time period 5 / 2 years

3 half years

interest for the first half year = ₹ [5000×1×8/100]=400

so amount at the end of first half year is

₹(5000+400)

= 5400

so principal for the second half period is ₹5400

interest for second half year = [5400×1×8/100]=432

so amount at the end of second half year

5400 + 432

= 5832

therefore principal for the third half yearly is ₹5832

so interest for the third half year [5832×1×8/100]=466.56

_______________________________

amount at the end of 3rd half year

5832+466.56

6298.56

therefore compound interest is

6298.56 - 5000 = 1298.56

_______________________________

or

_______________________________

compound interest is equal to

400+432+466.56

=> 1298.56

________________________________