Question

find the compound interest on rs 8000 for 1½ year at 10% pa if interest being compounded half yearly

Answer 1

P = Rs 16000

R = 12.5 % p.a

n = 3 years

We know that amount A at the end of n years at the rate R% per annum when the interest is compounded annually is given by

A = P(1+R100)n

A = 16000(1+12.5100)3

A = 16000(1.125)3

A = 22781.25

Thus, the required amount is Rs 22781.25.

Answer 2

Answer:

Step-by-step explanation: