1.

What is the compound interest (in Rs) on Rs. 5000 at the rate of 12% per annum compounded half yearly for \(1 \frac{1}{{2}}\) years?1). 955.082). 945.253). 962.584). 952.8

Answer»

T = $(1 \FRAC{1}{{2}})$= 3/2 YEARLY = 3 half yearly 

R = 12% per annum = 6% per half yearly

P = Rs. 5000

$(C.I = P [(1+\frac{R}{{100}})^T - 1] \\\Rightarrow C.I = 5000 [(1+\frac{6}{{100}})^3 - 1] \\ \Rightarrow C.I = 5000 \TIMES [\frac{23877}{{125000}}])$

⇒ C.I = 23877/25

∴ C.I = 955.08



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