Question

What is the amount of a loan of Rs. 500,000 at 8% compounded semi-annually after 7 years and 10
months​

Answer 1

Step-by-step explanation:

p=500000

T=7years and 10 months

n=7×12/6=14+1=15

r=8%/2=4%

A=500000(1.04)^15 =900471.75

calculate the amount based on simple interest for

r=8% n=10-6=4 months

A×(1+.08×4/12) = 900471.75×(1.0267) = 924484.33

compound interest =924484.33-500000=424484.33

I hope this is helpful to you, try to cross check