Question

compute the compund interest on 5000 for one and half year at16%p.a.compounded half yearly​

Answer 1

P=5000/-

n=1½ year=3/2

R=16%p.a

A=P(R+1/200)²ⁿ

=5000(1+16/200)²*³/2

=5000(200+16)³

200

=5000*27/25*27/25*27/25

=8*27*27*27/25

=157464/25

=6298.56