Question

find CI on ₹5000 at 4% p.a. compounded half yearly for 1and a half year

Answer 1

Answer:

Step-by-step explanation:

find CI on ₹5000 at 4% p.a. compounded half yearly for 1and a half year

Question

Answer 2

Answer:

Step-by-step explanation:

Given:

Principle = p = 5,000

Rate of interest  = 4%

Time = 1¹/₂ yrs

To find:

Compound interest and Amount

Equation:

$\blue{\boxed{CI = P(1+i)n-1}}$

Solution:

$CI = 5,000(1+0.02)^3-1$

$CI = 5000(1.02)^3-1$

$CI = 5000(0.061208)$

$CI = 306$

Thus the compound interest for 5,000 at 4% for 1¹/₂ yrs is 306