Question

Find the amount and compound interest on 100000 coumpounded semi annually for one and half years at the rate of 8% per annum.

Answer 1

Here are the answer

p=100000

R=8%

N=1/2 years

CI = 100000(1+8/100) (1+8/200)

CI=10(9)(5)

CI =10×45

CI=450