1.

Calculate the amount and compound interest on ₹156250 for 15 years at 8% per annum compounded half yearly ?​

Answer»

<P>Answer:Principal (P) = Rs 156250

Rate (R) = 8% p.a. or 4% half-yearly

Period (N) = 1  

2

1

​  

years = 3 half-year

Therefore,

Amount (A) = P {1 + (R / 100)}  

n

 

= Rs 156250 {1 + (4 / 100)}  

3

 

On further calculation, we GET,

= Rs 156250 × (26 / 25)  

3

 

= Rs 156250 × (26 / 25) × (26 / 25) × (26 / 25)

We get,

= Rs 175760

Hence,

COMPOUND interest = Amount – Principal

= Rs 175760 – Rs 156250

= Rs 19510

Step-by-step explanation:


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