Question

find the compound interest on Rupees 250000 at the rate of 8% per annum for 3 half yearly. when interest is compounded half yearly

Answer 1

p=25000,R=8%,T=3half years
Amount=P(1+rate/100) *t
A=25000(1+8/100)*t
A=25000×108/100×108/100×108/100=52488
so A=52488
then,compound interest=A-P
52488-25000=27488