Question

find the mountain the compound interest compounded half yearly in each of the following. P=rs 50000,R=8% p.a.,n=1 year​

Answer 1

Answer:

Step-by-step explanation:

It is given that  

Principal (P) = 50000

Rate of interest (r) = 8% p.a. = 4% semi-annually

Period (n)= 1  

2

1

​  

 years = 3 semi-annually

We know that  

Amount = P(1+r/100)  

n

 

Substituting the values  

= 50000(1+4/100)  

3

 

By further calculation  

= 50000(26/25)  

3

 

= 50000×26/25×26/25×26/25

= 56243.20

Here

Compound interest = A - P

Substituting the values  

= 56243.20−50000

= 6243.20