Question

find the compound interest₹5000 at 12%per annum for one and half years if the interest is compounded semi annually​

Answer 1

Answer:

The answer is 1298.5/-

The procedure is up

Answer 2

Answer:

955.08rs

Step-by-step explanation:

if the intrest compounded semi annually means you have to take evry six month as 1 year and intrest is half.

so for 3 years at 6% per annum what is the compound intrest will be the question..

for 1 st year 6% of 5000=300

2nd year 6% of 5300=318

for 3rd year 6% of 5618=337.08

so total intrest =300+318+337.08=955.08rs

short cut method

for 3 years at 6% annum total intrest is 19.10%

19.10% of 5000=955

Hope you understand

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