Find the compound interest on ₹ 1000 at 8% per annum for 1whole1/2 years, while the inrerest compounded half yearly...
solve it pls....
Answers
Answered by
1
Answer:
Step-by-step explanation:
Attachments:
vikku2019:
bro its not answer plz try it again
Answered by
1
A = P {1 + (R/100)}^N and CI = A - P
R = 8/2 = 4 as CI is being calculated half yearly.
N = 3 as 1 whole 1/2 years contain 3 half years.
A = 1000 {1 + (4/100)}^3
= 1000 * 1.124864
= 1124.864
R = 8/2 = 4 as CI is being calculated half yearly.
N = 3 as 1 whole 1/2 years contain 3 half years.
A = 1000 {1 + (4/100)}^3
= 1000 * 1.124864
= 1124.864
thank you your answer is correct
Similar questions
Math,
6 months ago
Accountancy,
6 months ago
Math,
6 months ago
Science,
1 year ago
Chemistry,
1 year ago