(5) find the amount and ci on rs. 6,25,000 for 1year at the rate of 8%per annum compounded half yearly .
what happened why are you not talking to me and good morning niraj
happy Makar sankranti to you all my friends
what happened why are you not talking to me and good morning niraj
happy Makar sankranti to you all my friends
Answers & Comments
Step-by-step explanation:
Here, Principal (P) = ₹ 62,500; Time (n) = 3 [As
1
1
2
years has 3 half years in it)
Rate of interest (R) = 4% [rate of interest of 8% per annum is equivalent to 4% per half year, as interest is compounded half yearly]
Amount (A)
=
P
(
1
+
R
100
)
n
=
62500
(
1
+
4
100
)
3
=
62500
(
1
+
1
25
)
3
=
62500
(
26
25
)
3
=
62500
×
26
25
×
26
25
×
26
25
=
₹
70
,
304
Compound Interest (C.I) = A - P
= ₹ 70,304 - ₹ 62,500
= ₹ 7,804
Verified answer
Answer:
A = 676000/- and CI = 51000/- ......(ANSWER)