Question

find the amount and CI on 100000 compounded semi-annually for 1 1/2 years at the rate of 8% p.a.

Answer 1

The compound interest accumulation formula is :

P (1 + i)ⁿ = A

A = Accumulated value

P = Principle amount

n = Time in years

i = interest rate

CALCULATIONS

1.) Amount

P =100000

Since it is compounded semiannually, the time is multiplied by two since we have two periods per year and the interest rate divided by two.

n = 1.5 × 2 =3

i = 8/2 = 4%

100000 × (1.04)³ = 112486.40

Rs 112486.40

2.) Compound interest :

Interest = Amount - principle

= 112486.40 - 100000 = 12486.40

Answer 2

Answer:

Rs. 12486.40

Step-by-step explanation:

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