find the compound interest on Rs 150000 at the rate 8 percent p. a, compounded half yearly for 3/2 years.
Answers
Answered by
8
Answer:
18729.6 rupees
Step-by-step explanation:
Formula= Amount = P(1+ R/100)ⁿ
P= 150000 rupees
R= 8% p. a.
n= 3/2
compounded half yearly.
Formula for half yearly compound
A= P(1+R/2X100)²ⁿ
Time will become 3/2 X 2= 3 years.
A = 150000 (1+8/200)³
A = 150000 X 208/200 X 208/200 X 208/200
A = 168729.6 rupees
A = P + CI
A-P = CI
168729.6 - 150000 = 18729.6
Thus CI = 18729.6 rupees
Answered by
0
Answer:
p=₹150000
R=8%
time=3/2
formula for half yearly compounded=
A=P(1+R/2×100)^2n
time=3/2×2=3 years
A=150000×208/200×208/200×208/200
A=₹168729.6
CI=A-P =168729.6-150000=18729.6
CI=18729.6
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