Question

The compound interest on Rs 5000 at 20% p.a. for 1 ½ years compounded half yearly is

Answer 1

Answer:

ok

Step-by-step explanation:

= Rs 5,000

t = 1 year 6 months, so t = 3 

r = 8% per annum

C.I=P(1+100r)t−P

=P((1+100r)t−1)

=5000((1+1008)3−1)

=5000(0.2597)

=Rs1298.5(Rs1298.5)