Question

Find the compound intrest on 18000 for 1.5years at 10% compound half yearly

Answer 1

Answer:

$amount \: after \: 1.5 \: yr \: = 18000 \times (1 + \frac{10}{200} ) {}^{3} = 18000 \times (\frac{21}{20} ) {}^{3} = 20837.25$

$so \: compound \: intrest = 20837.25 - 18000 = 2837.25$