find compound interest on rupee 2500 invested at 6%per annum, compound Semi-annually for 8 years
Answers
Answered by
0
p= 2500
r=6%per year = 6/2 =3% per half year
n = 8 years =8×2 = 16 half years
A = p(1+r)ⁿ
= 2500(1+3%)¹⁶
= 2500(1.03)¹⁶
=4011.77
Similar questions