Question

find the amount and the compound interest on rs 8000 compounded semi-annually for 1 1/2 years. find the rate of interest per annum compounded semi-annually.

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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