Question

find the compound interest on rs 15600 for 1year at 16%per annum,when the interest is compounded half yearly​

Answer 1

Step-by-step explanation:

solution

given

p = 15600

n = 1 year

r = 16%

so as per condition

compounded half yearly we get

n =2n =2 half year

r = 16/2 = 8%

we all know

A = p (1 + R /100)n

A = 15600 ( 1 + 8 /100)²

= 15600 (108 /100)²

= 18195.84

C.I =A -p

=18195.84 - 15600

=2,595.84

Answer 2

Answer:

Step-by-step explanation: solution. given. p = 15600. n = 1 year. r = 16%. so as per condition. compounded half yearly we get. n =2n =2 half year.

Step-by-step explanation:

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