Question

find amount and compound interest on rupees 16000for 1½ years at 10% per annum being compounder half yearly​

Answer 1

Answer:

The amount and compound interest on rupees 16000 for 1½ years at 10% per annum being compounder half yearly is rs.2522

Answer 2

Step-by-step explanation:

Principal = 16000

Time = 3 ÷ 2 years = half years × 3

Rate = 10% pa compounded half yearly = 5%

Formula for compound interest =

Amount = P (1 + R ÷ 100)³ (3 = Time Compounded)

Amount = 16000 (1 + 5 ÷ 100)³

Amount = 16000 (105 ÷ 100)³

Amount = 16000 × 105 ÷ 100 × 105 ÷ 100 × 105 ÷ 100

Amount = 18522

C.I = Amount - Principal

C.I = 18522 - 16000

C.I = 2522

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Amount = 18522

C.I = 2522

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