Question

What would be the compound interest on Rs 4200 for18months at 10%
per
annum compounded half yearly?​

Answer 1

Step-by-step explanation:

A =p(1+r)ⁿ

p= 4200

r=10% per year = 5% for 6months

n =18months = 18months/6months =3

A = 4200(1+5%)³

= 4200(1+0.05)³ = 4200× 1.05³=4862.05

ci =A-P = 4862.05 - 4200 = 662.05

Answer 2

Answer:

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