Find the compound interest on rupees 5000 at the rate of 10% per annum compounded semi - annually for 1.5 year
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the answer will be =788.125. I hope the answer will be correct
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The compound interest is Rs.788.125
Step-by-step explanation:
Principal = Rs.5000
Rate of interest = 10% =0.1
No. of compounds per year = n = 2
Time = 1.5 year
Formula : A = P(1+\frac{r}{n})^{nt}
A = 5000(1+\frac{0.1}{2})^{ 2\times 1.5}
A=5788.125
Compound interest = Amount - Principal = 5788.125-5000= Rs.788.125
Hence the compound interest is Rs.788.125
#Learn more:
Find the Compound Interest on Rs.1,00,000 compounded semi annually for 1.5 years at the rate of 8% per annum.
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