find the amount and the compound interest on Rupee 1 2800 for 1 year at seven and half percent per annum compounded semi annually
Answers
Answered by
2
Hlo
given in the question
principal = 12800
time = 1 year
rate = 7 and 1/2 % = 15/2%
find ci and amount semi annually
so 1 year = 2semi years
rate for semi year = (15/2)/2 = 15 /4
amount = p ( 1+r/100)n
= 12800 ( 1+ 15/4 /100) 2
= 12800 (1 + 3/80) 2
= 12800( 83/80)2
= 12800× 83/80×83/80
= 13778
so the amount is 13778 and the ci = a -p
13778- 12800 = 978
so the ci is 978
hope tis will help u
mark as brainleast answer
Answered by
0
Answer:
Hope this will helps you
Attachments:
Similar questions