Question

guys please answer this question​

Answer 1

Answer-

Given, Principal (P) = Rs. 62,500

Rate =8 % per annum or 4 % per half year

Number of years = 1

1/2

There will be 3 half years in 1

1/2

years.

We know,

A=P[1+ R/100 ] n

⇒A=62500[1+( 4/100 ) ³]

⇒A=62500× 26/25 x 26/25 x 26/25

⇒A=70304

compound interest =A−P

= Rs. 70304 - Rs. 62500

= Rs.7,804.