Mahesh lent Rs 65536 for 3 years at 12 1/2 % per annum compounded annually . How much more could he learn if the interest is compounded half yearly ?
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Step-by-step explanation:
P= 65536, n= 3 years , r= 25/12%
using formula method... compounded half yearly
A= P(1+r/200)²n
= 65536(1+25/2400)²*³
= 65536( 2425/2400)⁶
= 65536 × 97/96× 97/96× 97/96× 97/96× 97/96× 97/96
= 69740.159
CI= A-P
= 69740.16-65536
= 4204.16 rupees
hope this helps you...
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