Question

please answer this question ​

Answer 1

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Find the annual amount and compound interest on ₹50000 for 1 1/2 years at 8% per annum.

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It is given that,

• Principal = 50000
• Rate of interest (r) = 8% p.a. = 4% semi-annually
• Period (n)= 1 1/2 years = 3 semi-annually

We know that,

• Amount = P(1+r/100)n

• Substituting the values = 50000(1+4/100)³
• By further calculation = 50000(26/25)³
• = 50000×26/25×26/25×26/25
• = 56243.20

Here,

• Compound interest = A - P

• Substituting the values = 56243.20−50000
• = 6243.20

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hope it's helpful!

Answer 2

Your answer :-

It is given that,

Principal = 50000

Rate of interest (r) = 8% p.a. = 4% semi-annually

Period (n)= 1 1/2 years = 3 semi-annually

We know that,

Amount = P(1+r/100)n

Substituting the values = 50000(1+4/100)³

By further calculation = 50000(26/25)³

= 50000×26/25×26/25×26/25

= 56243.20

Here,

Compound interest = A - P

Substituting the values = 56243.20−50000

= 6243.20

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Hope it helps ♡࿐