find the compound interest on rupee 15,000 for 18 months at 12% compounded annually.
Answers
Answered by
0
compound interest compounded half yearly formula A=P[1+r/200]^2×n
given 18 months means 18/12 year=3/2
years
A= 15000[1+10/200]^2×3/2
A=15000[1+1/20]^3
A=15000[21/20]^3
A=15000[21×21×21/20×20×20]
after simplification
A=(15×21×21×21)/8
A-17364.375
compound interest-17364.5-15000
=2364.375 Rs
Similar questions