Question

Find the amount and compound interest on Rs 8000 in one and half year at 20% p.a. compounded half yearly​

Answer 1

Answer:

P= Rs 8000

R=20% p.a

n=1.5 years

When compounded half-yearly,

We have:

A=P(1+

200

R

)

2n

A=8000(1+

200

10

)

3

A=8000(1.05)

3

A= Rs 9261

Also, CI=A–P= Rs 9261– Rs 8000= Rs 1261

Step-by-step explanation:

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Answer 2

Answer:

= Rs 8000

R=10% p.a

n=1.5 years

When compounded half-yearly,

We have:

A=P(1+

200

R

)

2n

A=8000(1+

200

10

)

3

A=8000(1.05)

3