find the amount and the compound interest on ₹5000for 3/2years at 8%er annum, the interest being compounded semi annually
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Answered by
1
Answer:
The compound interest is Rs 611.5
Step-by-step explanation:
Principal= RS 5000
Rate of interest=8%
Time=3/2 years
So,
CI = A - P
= 5000(1+8/100)^3/2 -(5000)
= 5000(1.1223)-5000
= 5611.5-5000
= 611.5
So the compound interest is Rs 611.5
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Step-by-step explanation:
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