1. Calculate the amount and compound interest on 18,000 for 1(½) year

1.	1. Calculate the amount and compound interest on 18,000 for 1(½) years at 10% perannum compounded half yearly.
Answer» ANSWER: Principal = 18000 Time = 3/2 years Rate = 10℅ A = P(1+r/200)²³/² = 18000(210/200)³ = 18000(9261/8000) = (166698/8000) Amount = 20837.25 COMPOUND INTEREST = AMOUNT-PRINCIPAL = (20837.25-18000) = 2837.25 HOPE IT HELPS YOU BRO.

1. Calculate the amount and compound interest on 18,000 for 1(½) years at 10% perannum compounded half yearly.

Answer»

Principal = 18000

Time = 3/2 years

Rate = 10℅

A = P(1+r/200)²*³/²

= 18000(210/200)³

= 18000*(9261/8000)

= (166698/8000)

Amount = 20837.25

COMPOUND INTEREST = AMOUNT-PRINCIPAL

= (20837.25-18000)

= 2837.25

HOPE IT HELPS YOU BRO.