Question

find the amount and the compound interest on 8000 at 10%pa for 1 1/2 years if the interest is compounded half yearly​

please answer

Answer 1

Answer:

P= Rs 8000

R=10% p.a

n=1.5 years

When compounded half-yearly,

We have:

A=P(1+  

200

R

​  

)  

2n

 

A=8000(1+  

200

10

​  

)  

3

 

A=8000(1.05)  

3

 

A= Rs 9261

Also, CI=A–P= Rs 9261– Rs 8000= Rs 1261

Step-by-step explanation: