Question

let us calculate the c.i and amount on rs 1600 for one and half years at the rate of 10% c.i per annum compounded at the interval of 6 months​

Answer 1

Answer:

principal = 1600

rate =10% =10/2 = 5 %

time = 1 1/2 years

;n= 1 1/2 × 2 = 3

amount = 1600( 1+5/100)^3

= rupees1852.20

ci = 1852.20-1600 = rupees252.20