The compound intrest on rs 15000 at 8% per annum for 1 year compounded half yearly is
Answers
Answered by
3
halfyearly
r=8%/2=4%half yearly
t=1year=12months/6=2time
a=p(1+r/100)^t
=15000(1+4/100)^2
=15000(104/100)^2
=15000(104/100×104/100
=3×52×104
a=16224
ci=a-p
ci=16224-15000
ci=1224
r=8%/2=4%half yearly
t=1year=12months/6=2time
a=p(1+r/100)^t
=15000(1+4/100)^2
=15000(104/100)^2
=15000(104/100×104/100
=3×52×104
a=16224
ci=a-p
ci=16224-15000
ci=1224
Similar questions