Question

P=31250, r=8% p.a., t=5/2 years. Find the compound interest on semi annual basis.
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Answer 1

Answer:

7387

Step-by-step explanation:

P=Rs. 31250,R=8%,T=2times43,A=?

A=P(1+100R)

⇒31250(1+1008)243

⇒31250×100108×100108×100106

⇒Rs.38637

C.I=A−P

=38637−31250=Rs.7387