If interest is compounded six months a principal of 8000 at 10% interest will amount to how much in 18 months
Answers
Answered by
1
Step-by-step explanation:
principal=8000
rate of interest=10%
time=18\12=3/2
no.of time interest given=2
principal and interest=8000×(1+10/200)^3
=8000×(1.05)^3
= 8000×1.05×1.05×1.05
=9261
Similar questions