Question

How much would a sum of Rs. 25000 amount to in 1.5 years at 8% p.a if the interest is compounded half-yearly or semi-annually.

Answer 1

Answer:

28080

Step-by-step explanation:

25000*8%=2000

25000+2000=27000*8%/2=1080

27000+1080=28080

Answer 2

Answer:

28080

Step-by-step explanation:

25000*8%=2000

25000+2000=27000*8%/2=1080

27000+1080=28080