Math, asked by arsalan2388, 1 year ago

If interest is compounded six months a principal of 8000 at 10% interest will amount to how much in 18 months

Answers

Answered by partha5034
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