Find the compound interest of 1 ½ year at Rs.15,625 at 8% pet annum, while the interest is compounded every half year.
Answers
Answered by
1
Answer:
P=15625
T=3/2=3/2*2=3 yr
R=8%=8/2%=4%
Step-by-step explanation:
Amount=15625(1+4/100)³
=15625(1+1/25)³
=15625*26/25*26/25*26/25
=25*676
=16900
Hope it will help you
Similar questions