Question

what will be the compound interest on rupees 5000 if it is compound half yearly for 1 years 6 months at 8%per annum? ​

Answer 1

Answer:

Step-by-step explanation:

P of 1st time=5000

R=16%

T=1/2yrs

SI=5000×16×1/2×100

=400

A=5000+400

=5400

P of 2nd time= 5400

SI= 5400×16×1/2×100

=432

A=5400+432

=5832

P of 3rd time= 5832

SI= 5832×16×1/2×100

=466.56

A=6298.56

Apply 8% instead of 16%.Rest process is the same.