Question

find the compound interest on a sum of 3000 for 1 (1/2) years at8% pa compounded semi- annually​

Answer 1

ANSWER

Rs369.60

STEP BY STEP EXPLANATION

Amount= 3000(1 + 8/100) (1 + 8×1/100×2)

=3000×108/100×26/25

=3369.60

So now calculate CI

CI=3369.60‐3000=Rs369.60

Answer 2

Answer:

Amount is 3374.592

Compound interest is 374.592

• Hope it helps you