Question

find the amount and compound interest on 10000 for 18 months at 6% per annum compounded semi annually​

Answer 1

Answer:

Amount = 10927.27

Compound interest = 927.27

Step-by-step explanation:

P =  principal or initial amount = 10000

R = rate of interest per cent per year = 6

T = time period in years = 1.5 (18 months = 1.5 years)

m = compounding interval = 2       (as it is semi annual)

A = final amount

A = P[1 + (R/m)/100]^(Tm)

R/m = 6/2 = 3

Tm = 1.5*2 = 3

A = 10000*(1 + 3/100)^3

A = 10000*(1.03)^3

A = 10000*(1.092727)

A = 10927.27

CI = Compound interest = A - P = 10927.27 - 10000 = 927.27

Amount = 10927.27

Compound interest = 927.27

Answer 2

Answer:

the above answer is correct....

Step-by-step explanation:

the answer will be (amount-10927.27 and C.I-927.27