Question

Find the compound interest on 5000 at rate of 10% p.a. compounded semi-annually for one and half year​

Answer 1

Step-by-step explanation:

Given :

n = $\Large{\frac{3}{2}}$ years

P = ₹5,000

r = 10%

$A\:=\:P{(1\:+\: \frac{r}{100})}^{2n}$

$A\:=\:5000{(1\:+\:\frac{10}{100})}^{2\:×\:\large{\frac{3}{2}}}$

$A\:=\:5000{(\frac{11}{10})}^{3}$

$A\:=\: 5000\:×\:\frac{11}{10}\:×\frac{11}{10}\:×\:\frac{11}{10}$

$A\:=\:6,655$

C.I = A - P

C.I = 6,655 - 5000

$C.I\:=\:\large{\boxed{1655}}$

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