Question

find the compound interest on rs 6000for 1.5 years at 10% per annum, compounded half yearly.

Answer 1

Answer:

1986

Step-by-step explanation:

Step-by-step explanation:

Interest for first half year=\frac{6000.10.1}{100}

100

6000.10.1

=600

principal for second half year=6600

interest for second half year=\frac{6600.10.1}{100}

100

6600.10.1

=660

principal for next half year=6600+660

=7260

interest for 3rd half year=\frac{7260.10.1}{100}

100

7260.10.1

=726

amount=7260+726

=7986

.CI=A-p

=7986-6000

=1986