Question

find the compound intrest for 6000 at 9% per annum for 18 months if the intrest is compounded semi-annually.

Please answer me ​

Answer 1

Answer:

Step-by-step explanation:

Solution

Here, P=6,000 , R=9%=  

100

9

​

=0.09 and n=18months=  

12

18

​

=  

2

3

​

 years.

Amount after n years =P(1+  

2

r

​

)  

2n

 

Amount after  

2

3

​

 years =6,000(1+  

2

0.09

​

)  

2×  

2

3

​

 

 

                     =6000(1+0.045)  

3

 

                     =6,000×1.045  

3

=6847  

∴Amount=6847 Rs.

∴C.I=A−P=6847−6000=847 Rs.