p=5000 rate = 20%p.a. t=1 1/2 compounded semi annually years . find the compound interest
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➽ ᴇᴄᴏsʏsᴛᴇᴍ ɪs ᴛʜᴀᴛ ɪᴛ ɪs ᴀ ᴄᴏᴍᴍᴜɴɪᴛʏ ᴏʀ ɢʀᴏᴜᴘ ᴏғ ʟɪᴠɪɴɢ ᴏʀɢᴀɴɪsᴍs ᴛʜᴀᴛ ʟɪᴠᴇ ɪɴ ᴀɴᴅ ɪɴᴛᴇʀᴀᴄᴛ ᴡɪᴛʜ ᴇᴀᴄʜ ᴏᴛʜᴇʀ ɪɴ ᴀ sᴘᴇᴄɪғɪᴄ ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ.
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