Question

Find the compound interest on Rs 25000 for one and half years at 8% p. a.,
when the interest is compounded half yearly.

Answer 1

In my view

P= 25000

R=8%

T=1 1/2years

Solution:

P[(1+R/100)^2T-1]

.....

. answer=27999

Hope this will be correct.and help you.