Question

Find the compound interest on 2,50,000 at the rate of 8% per annum for 1.5 years when interest is compounded half-yearly.​

Answer 1

Answer:

principal-250000,

rate-8% for half yearly rate is r÷2 so,8÷2=4

now,rate=4%

time-1.5 yes for half yearly t×2 so,1.5 ×2=3

now,time= 3yrs

amount= principal (1+rate/100)^n

,we have

amount=250000(1+4/100)^3

A= 250000(100+4/100)^3

A=250000(104/100)^3

A=25×104×104×104/100

A=Rs 281216

compound interest=Amount-principal

compound interest=281216-250000

compound interest=31216

I hope my answer is useful for us....