Question

Let us calculate the compound interest and amount on 1600 for one and half year at the rate of
10% compound interest per annum compounded at the interval of 6 months.​

Answer 1

Answer:

A= 1856

C. I. = 256

Step-by-step explanation:

given

P = 1600

R=10% HALF TEAR 5%

T = 1 AND 1/2 , YEAR HALF YRAELY= 3

find it A and C.I.

A = P(1+r/100)^t

A= 1600(21/20)^3

A= 1600x1.16

A= 1856

C. I. = A-P

C. I. = 1856-1600

C. I. = 256