Question

Find the compound interest on ₹ 10000 for 1.5 years at the rate of 10% per annum, if the
interest is compounded (i) half-yearly (ii)
quarterly.​

Answer 1

Answer:

Hope it helps you

Step-by-step explanation:

Solution,

Given,

Principle (P) = ₹ 10,000

Rate (R) = 10per

time (t)= 1.5 yr. = 1yr. and 6 month

=3/2 yr.

we know,

CI half-yearly =P[(1 - R/200)^2t - 1] = 10,000[(1 + 10/200)^2×3/2 - 1] = Rs 1576.25

CI quater-yearly =P[(1 - R/400)^4t - 1] = 10,000[(1 + 10/400)^4×3/2 - 1] = Rs.1596.93