Question

Compute the compound interest on rs 5000 for 1 1/2 years at 16% per annum compounded half - yearly .please answer very fast .

Answer 1

Answer:

832

Step-by-step explanation:

Compound Interest  =    P [(1 + i)^n – 1]

P = Principal

i = R/100

n = number of compounding periods for a year

C.I = 5000[(1+0.08)^2-1] = 5000 * 0.1664 = 832

C.I. = 832

Answer 2

half yearly
p=5000
r=16%/2=8%half yearly
r=18months/6=3times
a=p(1+r/100)t
a=5000(1+8/100)^3
a=5000(108/100)^3
a=5000×108/100×108/100×108/100
a=(5×108×108×108)1000
a=6298.56rs
ci=a-p
ci=6298.56-5000
ci=1298.56rs