Question

find the compound interest on 5000 at the rate of 10% p.a. compounded semi annually for 1 and a half years
formula is:
$a = p(1 + r\frac{r}{200} ) ^{2t}$
​

Answer 1

Answer:

1655

Step-by-step explanation:

a = p(1+r)^t = 5000(1.1)³ = 6655

compound interest  = a - p = 6655 - 5000 = 1655

Answer 2

Step-by-step explanation:

compound interest= amount-principal

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