Question

Find the compound intrest on rs 15000 for 18 months at the rate of 10% p.a. compounded half yearly

Answer 1

Answer:

2364.375 rs

Step-by-step explanation:

compound interest compounded half yearly formula A=P[1+r/200]^2*n

given 18 months means 18/12 year=3/2 years

A= 15000[1+10/200]^2*3/2

A=15000[1+1/20]^3

A=15000[21/20]^3

A=15000[21*21*21/20*20*20]

after simplification

A=(15*21*21*21)/8

A=17364.375

compound interest=17364.5-15000

=2364.375 Rs

Answer 2

Answer:

2364.375 rs

Step-by-step explanation:

look at the person above me