Question

What is the compound interest for 1.5 year on a amount of 8000 at rate of 10% half yearly

Answer 1

Here is your answer

Principle = 8000
Rate of interest = 1.5 = 3 years
No. of year = 10 %

CI = P(1+R )^n
100

A = 8000 × 110 × 110
100 × 100 × 100

A = 8 × 11 × 11
10

A =96.8