Question

Find the compound interest on rs. 6250 at 12% per annum for 1 year, compounded half-yearly? Select one: a. 712.40 b. 751.00 c. 772.50 d. 725.50

Answer 1

Answer:

c. 772.50

Step-by-step explanation:

r = Rate for a period of 6 months = 12/2 = 6%

n(time period) = 1 year = 2 half years(6 months)

C.I = P[(1-r/100)^2 - 1]

C.I = 6250[(1-6/100)^2 -1]

C.I = 6250 × 309/2500

C.I = 772.50

Answer 2

Answer:

p= 6250

R=12% /annum

Time=1 year

To calculate CI half yearly

R=12/2 =6%

Time =1/2 year means 6 month

6250×6/100 = 375 1st half year SI and CI

2nd half yearly CI = 6250+375=6625

6625×6/100 =397.5

ans= 375+397.5= 772.5