Question

please explain to me step by step :
calculate the compound interest on rs. 10800 after 3 years compounded half yearly at the rate of 5% per annum?
please "step" by "step"​

Answer 1

Step-by-step explanation:

p=10800

r=5%

t=3years

then first find amount and after c. i.

when compounded half yearly in the question then the time is double

then the time is 3×2=6

find amount

A = P [1+R/100]^6

A=10800[1+5/100]^6

100+5

A=10800[-----------------]^6

100

105

A=10800[———————]^6

100

A=10800×1.34009564063

A=14,473.0329188

THEN AMOUNT = 14,473.0329188

C. I. =A-P

C. I. =14,473.0329188-10800

C. I. =3,673.0329188

THEN THIS IS YOUR ANSWER

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