Question

compute the compound interest on rs.5000 for 1 and half years at 16%per annum compounded half yearly
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Answer 1

Answer:

solution given below

Step-by-step explanation:

= Amount after six months = Rs 5,000 + Rs 400 = Rs 5,400. New Principal =Rs 5,400. ...

Simple interest(6 Months to 12 Months) = Amount after 12 months = 5400 + 432 =Rs 5,832. Simple interest (1 year to 3/2 years) as rate = 8%, Time = 1 year.

= Amount after 3/2 years = 5,832 + 466.56 = Rs 6,298.56.

Answer 2

solution given below

= amount after six months = rs 5000+rs 400= rs 54,00 . ...

simple interest (6 moths = to 12 moths )

= amount after 12 moths = 5400 + 432

= rs 5,832 . simple interest ( 1 year to 3\2 years) as rate = 8 % , time = 1 year

= amount after 3\2 years = 5, 832 + 466.56 = rs 6,298.56