Question

Sunil invested 50,000 for 18 months at the rate of 16% pa compound half yearly. find the compound interest.

Answer 1

Principal = 50000
Time =18 month = 3/2 year
rate p.a =16
$p {(1 + \frac{ \frac{r}{2} }{100} }^{2n} ) \\ 50000( {1 + \frac{16}{200}) }^{2 \: \times \frac{3}{2} } \\ 50000( {1 + \frac{2}{25}) }^{3} \\ 50000( { \frac{27}{25} )}^{3} \\ 50000 \times \frac{27}{25} \times \frac{27}{25} \times \frac{27}{25 } \\5000 \times \frac{19683}{15625} \\ 62985.6$

Answer 2

Answer:

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