Question

The amount on Rs. 192000 for 3/2 years at 15% p.a. when the interest is compounded half yearly is :​

Answer 1

Answer:

To find compound interest when interest is compounded half-yearly we use formula

A=P(1+

2

r

)

2n

Here, P=Rs.12000,r=10% and n=1.5 years

Hence,A=12000(1+0.05)

3

A=12000×1.157625

A=Rs.13891.5