find the compund interest on 5000 at the rate 6% perannum for 4 1/2yrs ,if interest is calculated half yearly
Answers
Answered by
0
Answer:
ANSWER
P = Rs 5,000
t = 1 year 6 months, so t = 3
r = 8% per annum
C.I=P(1+
100
r
)
t
−P
=P((1+
100
r
)
t
−1)
=5000((1+
100
8
)
3
−1)
=5000(0.2597)
=Rs1298.5(Rs1298.5)
Similar questions