Question

Find the amount and compound interest on Rs. 10,000 for 18 months at 6 % per annum compounded semi-annually.​

Answer 1

Answer:

semi annually

t ×2

r/2

t=18/12×2 = 3 yrs

t=6/2 = 3 %

principal = 10000 rs

a =10000×103×103×103/100×100×100

a = 10927.27 rs

Compound interest = 927.27 rs

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