Question

Find the compound interest on rupees 25000 for one and half years at 8% p.a. ,when the interest is compounded half - yearly​

Answer 1

Answer:

=3121.6

Step-by-step explanation:

principle = 25000

time = 1.5 yrs

rate = 8 %

compounded half yearly

so... the equation goes like

CI = p (1 + r /200)^2n  - 25000   ( as it is compounded half yearly)

= 25000(1+8/200)^ 2 x 3/2 - 25000  ( one year and a half so 2/2 + 1/2 = 3/2 )

= 25000(208/200) ^ 3 - 25000

= 25000 x 208/200 x 208/200 x 208/200 - 25000

= 3121.6

:)