Question

find the amount and CI on 24000 compounded semiannually for 1 and half years years at the rate of 10% per annum

Answer 1

Here P= 24000
time =1.5yrs
R= 10/100 = 0.1
A = P(1+0.1/2)^12*1.5
A =24000(1+0.1/2)^12*1.5
A=27866.70

Answer 2

FOR SEMI ANNUALY
A=P[1+r/200]^2n
p=24000
n=3/2
r=10
A=24000[1+10/200]^3=27783
CI=AMOUNT -PRINCIPAL
CI=27783-24000=3783