Question

find the amount and the compound interest on rupees 8000 for one and half Years at 10% per annum compounded half yearly​

Answer 1

Solution

Given data

P = Rs 8,000

R = 10% p.a

n = 1.5 year's

when compounded half - yearly , we have :

A = P ( 1 + R / 100 ) power 2n

= Rs 8,000( 1 + 10/ 200) power 3

= Rs 8,000 ( 1. 05 ) power 3

= Rs 9,261

Also

Cl =. A - P

= 9,261 - 8,000

=Rs 1,261

Step-by-step explanation:

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