Question

find the amount on 2048 for 18 months at 12 1/2 % per annum of the intrest is compounded half yearly​

Answer 1

Answer:

Interest compounded half yearly

⟹r=(10%)/2=5% per interest period.

No.of interest period (n)=2(3/2)=3P=Rs.2400

CI=P[(1+100r)n−1]

CI=24000[(1+10010)3−1]=3783

Hence, the compound interest=Rs.3,783

Step-by-step explanation:

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