Question

Half Yearly CI
6. Find the CI on 64000 for
11
years at 5%
2.
p.a., the interest being compounded half-
yearly​

Answer 1

Answer:

15507

Step-by-step explanation:

Time: 3/2×2=3 half years

Rate : 15% half is 7.5%

Interest for 1 year =64000×1×75/100×10

Solving it

64×75=rs4800

Amount=rs 4800+rs64000= 68800rs

Interest for 2nd year = 68800×1×75/100×10=rs5160

Amount =5160+ 68800= rs 73960

Interest for 3rd year = 73960×1×75/100×10= 5547

Amount =5547+73960=rs79507

CI=A -P

79507 - 64000

=rs 15507

Amount =rs 79507

And

CI=rs15507