Question

If the interest is compounded half yearly what will be the compound interest and amount on rs.8000 at the rate of 10% compound interest per annum for 1 and half years​

Answer 1

Answer:

P= Rs 8000

R=10% p.a

n=1.5 years

When compounded half-yearly,

We have:

A=P(1+  

200

R

​  

)  

2n

 

A=8000(1+  

200

10

​  

)  

3

 

A=8000(1.05)  

3

 

A= Rs 9261

Also, CI=A–P= Rs 9261– Rs 8000= Rs 1261.

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