Find the amount and simple interest on Rs. 256 at 12.5% per annum for 1 years,
compounded semi annually
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Answered by
1
Answer:
256 will amount to Rs. 289 in 1 year at 12+1/2 per annum when the interest is compounded half yearly
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2
R=12.5% but 6.25%(half yearly)
6.25%=1/16
First half second half
256×1/16 16+1/16×16
16 16+1=17
Total interest =16+17=33
Amount =256+33=289
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