the compound interest on 15625rs. for 3/2 years at 8%per annum compounded half yearly
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Answered by
3
Step-by-step explanation:
Here the principle=15625rs.
Rate of interest(R)= 8/2 =4% ( as for half yearly)
Time (n) = 3/2 ×2 =3 half years
AMOUNT (A) =P(1+R/100)^n
A=₹15625×(1+4/100)^3
=₹17576
therefoe COMPOUNT INTEREST (C.I.)= A-P=₹17576-₹15625= ₹1951
Answered by
4
- P(principal) = ₹15625
- T(time) = 3/2 years
- R(rate) = 8%
- The compound interest (compounded half yearly)
- As we know that here the P(principal) is compounded half yearly.
- Hence, the rate will be 4% and the T(time) will be n = 3
So,
Formula :-
Where,
- R(rate) = 4%
- T(time) = 3 i.e., n
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