Question

find the amount and the compound interest on 5000 at 10%p.a. for one and half years ​

Answer 1

Answer:

Given :

—————

=>Rupees 5000 @ 10% per annum compounded semi

annually for 1.5 years.

To find :

——————–

The compound interest?

solution:

———————–

Step-by-step explanation:

time double and rate half in calculating intrest semi annually

=> 5000 (1+5/100)³

=> 5000 (1+1/20)³

=> 5000 (21/20)³

=> 5000 x 9261/8000

=> 5788.12 (approx)

therefore,

compound interest = 5788.12-5000

= 788.12