6. Find the compound interest on 2,50000 the rate of 8% per annum for 3/2 years when interest is
compounded half-yearly
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Answer:
Rate=8%
T= 3/2 years
Principle=1000 Rupees compounded half years.
⇒∴Rate= 8/2 =4%
⇒Time= 3/2 ×2years=3years
⇒C.I=P[H ×R/100] ^t
⇒C.I=1000[1+ 4/100 ] ^3
Compound interest=1000×104×104×104/100×100×100
=1124.864Rupees