P=31250, r= 8% p.a., t=5years. Find the compound interest on semi annual basis.
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STEP BY STEP EXPLANATION:
P=Rs. 31250,R=8%
T=2times 3 /4,A=?
A=P(1+ R/1OO)
⇒31250(1+8/100)POWER2*3/4
⇒31250×108/100×108/100×106/100
⇒Rs.38637
C.I=A-P
=38637−31250=Rs.7387
ANSWER:7387/-
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