Find the amount and compound interest on rs 31250 for 1 1/2 year at 8% per annum, compounded half-yearly
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Answered by
29
31250(1+4/100)3
31250(26/25)3
31250 × 26/25 ×26/25 ×26/25
=rs 351520
31250(26/25)3
31250 × 26/25 ×26/25 ×26/25
=rs 351520
Answered by
34
Amount would be Rs. 35152 and compound interest would be Rs. 3902.
Step-by-step explanation:
Since we have given that
Sum = RS. 31250
Rate of interest = 8%
Time =
Since it will be calculated half yearly.
So, it becomes,
Hence, Amount would be Rs. 35152 and compound interest would be
# learn more:
Find the amount and the compound interest on ₹31250 for 3/2 years at 8%per annum , compounded half yearly
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