Question

find the amount and compound interest on $ 31250 for 2 years 6 months at
$6\%$
per annum compounded annually
​

Answer 1

Answer:

3/2 years = 18 months

Time = 3 as we are taking half yearly

31250(1+8/100)power3

31250×27/25×27/25×27/25

39366

=39366-31250

=8116

have a good day