pls ans this question as it is very important and i cant understand
Answers
Step-by-step explanation:
given, Principal = Rs. 2500, Rate of interest = 4%
Time = 1½ years
Inerest = ptr / 100
given, amount compounded half yearly
=> Interest for first half year = 2500 x 4 x ½ / 100
=> Interest for first half year = 2500 x 4 x 1 / 200
=> Interest for first half year = Rs. 50
Now, Principal for second half year = 2500+50
=> P = 2550 , r = 4% , t = 1/2
=> Interest for 2nd half year = 2550 x 4 x ½ / 100
=> Interest for 2nd half year = 2550 x 4 x 1 / 200
=> Interest for 2nd half year = Rs. 51
Now, Principal for third half year = 2550+51
=> P = 2601 , r = 4% , t = 1/2
=> Interest for 3rd half year = 2601 x 4 x ½ / 100
=> Interest for 3rd half year = 2601 x 4 x 1 / 200
=> Interest for 3rd half year = Rs. 52.02
.•. amount at the end of 3rd half year = P + I
= 2601 + 52.02 = Rs. 2653.02