Question

Find the c.i. which sita will get on rs 4096 if she gave it for 18 months at 12/1_2 p.a. interest being compound half yearly

Answer 1

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Answer 2

▂ ▄ ▅ ▆ ▇ █ SOLUTION █ ▇ ▆ ▅ ▄ ▂

✼GIVEN✼

• PRINCIPAL=₹4096
• TIME=18 M
• RATE=12+1/2%

✼FIND- COMPOUND INTEREST✼

• CONVERT R AND T DUE TO CI HALF YEARLY
• SO, RATE=R/2=25/2*2=25/4%
• SO, TIME=T*2=18/12*2=3 YEARS

✼ACCORDING TO THE ABOVE INFORMATION✼

• BY USING FORMULA ,HERE

⟹CI=P(1+R/100)^n-P

⟹CI=4096(1+25/4*100)³-4096

⟹CI=4096(1+1/16)³-4096

⟹CI=4096*17/16*17/16*17/16-4096

⟹CI=4913-4096

⟹CI=817

✼HENCE✼

✼THE COMPOUND INTEREST IS ₹817