find the compound interest on rs. 60,000 at the rate of 8% p.a. for 1 1/2 when interest is compounded half yearly.
sonalithakur82:
hey is it 11/2 moths
no
its 1 and 1/2
ooo then my ans is wrong
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Answer:
is this correct
Step-by-step explanation:
principal=60000
rate=8%
time=1 &1/2years=3/2years=3*12/2months=6*3=18months
amount=principal*(1+rate/2*100)to the power 18/6
amount=60000*(208/200)to the power3
=67491.84
7491.84 is the compound interest
no its wrong
ya i know that
so can i edit my answer and tell u
is this correct or still its wrong
batao
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