Question

Parents want to deposit a sum of money which will earn an interest at 9% per year compounded semi annually. The deposit will be soon used to generate a series of eight semi annual payments of Rs. 2500 beginning 6 months after the deposit. . What amount must be deposited ? How much interest will be earned on this deposit?​

Answer 1

Answer:

interest = 9%

time=8 semi years

pricipal= 2500

formula I=p×t×r÷R

Answer 2

Answer:

Answer:

interest = 9%

time-8 semi years pricipal= 2500

formula I pxtxr÷R

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Step-by-step explanation:

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