Question

find the amount on Rs5050 from 18 months at the rate of 10% per annum the intraste being compounded semi annually

Answer 1

Here are the answer

Principle = $5050

Rate = 10%

Time = 18 months = 18/12 years = 3/2 years.

If the interest is half yearly.

Then

Amount = P[1+r/200]²ⁿ

              = $5050[1+10/200]³

              = $ 5050 [21/20]³

              = $ 5050 x 9261/8000

               = $5846.00625