Question

the compound interest on 150000 for one and half year at 6% interest compounded half yearly is​

Answer 1

Answer:

Rs.13909.05

Step-by-step explanation:

Principal (P) = Rs.150000

Rate (R) = 6÷2 = 3%

Time (n) = 1½ × 2 = 3/2 × 2 = 3 years

Amount (A) = P (1 + R/100)ⁿ

=> A = 150000 (1 + 3/100)³

=> A = 150000 (103/100)³

=> A = Rs.163909.05

Compound Interest = Rs.(163909.05 - 150000) = Rs.13909.05

Answer 2

Answer:

16390.905

Step-by-step explanation:

15000{1+6÷100÷2}3÷2×2

15000×103÷100×103÷100×103÷100

3278181÷200

16390.905