Question

Find the compound interest on Rs 48,000 for one year at 8% per annum when compounded half yearly​

Answer 1

Answer:

Principal=48000

$r = 8\% = \frac{8}{2} half \: yearly$

n = 1year=2 half year

$a = p(1 + \frac{r}{100} ) {}^{n}$

$48000(1 + \frac{8}{200} ) {}^{2}$

$48000 \times \frac{26}{25} \times \frac{26}{25}$

= 51916.8

CI=Amount-Principal

51916.8-48000.0

3916.8

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