Question

on
Find the compound interest
Rs 3000 at the rate of 6%
per annum for 11/2 year
compounded half a yearly.​

Answer 1

Answer:

COMPOUND INTEREST

AMOUNT =P(1+R/2)*2n

AMOUNT=3000(1+0.6/2)*2 3/2

AMOUNT= 3000(1+0.3)*3

AMOUNT=3000(1.3)*3

AMOUNT=3000(2.197)

AMOUNT=6591

C.I=A - P

C.I=6591-3000

C.I=3591