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Rs 62,500 for 1.5 years at 8% per annum compounded half yearly. Rate has been halved because interest is compounded half yearly, time has been doubled for the same reason. (d) Rs 8,000 for 1 year at 9% per annum compounded half yearly. (e) Rs 10,000 for 1 year at 8% per annum compounded half yearly.
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Answer= 7, 804
Explanation
62500 for 1hole 1/2 years at 8% per annum compound half yearly.
principal (p) = Rs= 62,500
Rate = 8% per annum or 4% per half year
no. of years= 1hole 1/2
there will be e half year in 1hole 1/2 year
A= p(1+R/100). N= R [ 62500( 1+4/100)3]
Rs= (62500×26/25×26/25×26/25)
Rs =70304
CI= A-P
=rs 70304- 62500
=rs 7,804
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