Question

find the compound interest on 80,000 at 10% for one and half yearly years compounded half yearly​

Answer 1

Answer: 12620

Step-by-step explanation:

Principal = 80,000

Rate = 10% Compunded half yearly

Time = 1½ years = 3/2 years

Amount = P (1 + R/200) ^2n

Amount = 80,000 (1 + 10/200) ^ 2 * 3/2

Amount = 80,000 (210/200)³

Amount = 80,000 * 210/200 * 210/200 * 210/200

Amount = 92620

CI = A - P

CI = 92620 - 80,000

CI = 12620

Hope it helps!