Question

Find the compound interest on RS. 15625for 3/2years at 8%per annum when compounded half yearly.

Answer 1

Answer:

Answer : 1951

Step-by-step explanation:

Solution :

4% per half year time =112 year

=3 half year

A=15625×(1+4100)

=15625×2625×2625×2625

=Rs.17576

CI=A−P

=>17576−15625

=> Rs.1951

Answer 2

Answer:

Step-by-step explanation:

Given Principal Amount= P= 15626

Rates of interest Per annum= i =8%

Time= n =1 1/2years ×2 = 3(because compounded half yearly)

Compound Interest = P[ (1+i)^n - 1]

=15625[ (1+8/100)^3 - 1]

=15625[(1 + 0.08)^3 -1]

=15625[ (1.08)^3 - 1]

=15625[1.259712- 1]

=15625[0.259712]

=4058 is the Compound Interest...

Then compounded Amount = Principal Amount + Compound Interest

=15625+ 4058 =19683 is the Compounded amount

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