Question

find the compound interest on 3000 at the rate 6% per annum for 1 whole 1/2 years compounded half yearly​

Answer 1

Answer:

Step-by-step explanation:

P=3000

R=6% per annum=3% half-yearly

T=3/2 years= 3 half -yearly

So, A=P(1+R/100) power T

A=3000(1+3/100) power 3

A=3000(103/100) power 3

A=3000×103/100×103/100×103/100

A=3278181/1000

A=3278.181

CI=A-P

CI=3278.181-3000

CI=278.181

Hope it helps you...