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To calculate compound interest at first we have to find out time for simple interest by applying formula of SI then calculate compound interest. As given in the question that in compound interest the time is given in half yearly so, we have to change time and rate. For changing time we have to multiply by 2 and for rate dividing by 2:-]
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To calculate compound interest at first we have to find out time for simple interest by applying formula of SI then calculate compound interest. As given in the question that in compound interest the time is given in half yearly so, we have to change time and rate. For changing time we have to multiply by 2 and for rate dividing by 2:-]
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