Question

Find the amount and the compound interest on ₹8,000 for 1 1/2 years

Answer 1

Answer:P = Rs 8000

R = 10 % per annum (On half yearly bases it will be 5% )

T = 1 1/2  years (On half yearly bases it will be 3 years)

A = P (1+R/100)t

  = Rs  8000 ( 1+ 5/100)3

  = Rs 8000 * 21/20*21/20*21/20

   =Rs 9261

Compound interest = Amount - Principle

                                    = Rs 9261- Rs 8000

                                   = Rs 1261

Hope u understand ....