Question

find the amount and compound interest on rupees 5000 at on the rate of 8% for 1 and half years compounded semianually​

Answer 1

$\color{blue}{Answer}$

788.12

Step-by-step explanation:

time double and rate half in calculating interest semi annually

5000(1+5/100)^3

=5000(1+1/20)^3

=5000(21/20)^3

=5000x9261/8000

=5788.12(app.)

compound interest=5788.12-5000=788.12