Question

What will be the compound interest on
*5,000, if it is compounded half-yearly for
1 year 6 months at 8% per annum?​

Answer 1

Answer:

Formula PTR/100 and Divided by 2

Answer 2

Compound interest would be Rs. 624.32.

Step-by-step explanation:

Since we have given that

Principal = Rs. 5000

Rate of interest = 8% p.a.

Number of years = 1 year 6 months = $1\dfrac{6}{12}=1\dfrac{1}{2}=\dfrac{3}{2}$

So, Amount would be

$A=5000(1+\dfrac{8}{200})^{2\times \dfrac{3}{2}}\\\\A=5000(1+0.04)^3\\\\A=5000(1.04)^3\\\\A=5624.32$

So, Compound interest = Amount - Principal

C.I. = 5624.32 - 5000

C.I. = 624.32

Hence, Compound interest would be Rs. 624.32.

# learn more:

What will be the compound interest on ₹ 5,000 if it is compounded half yearly at 8 % per annum

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