Compute the compound interest oncompounded half-yearly,5,000 foryears

1.	Compute the compound interest oncompounded half-yearly,5,000 foryears at 16% per anni
Answer» P= 5000, t= 1 1/2 , r= 16%A=p(1+r/100)^t(1+1/2r/100) = 5000{(1+16/100)^1(1+16/2/100)= 5000{116/100)(108/100)= 5000×116×108/100×100=6264₹interest= A - P = 6264 - 5000 = 1264 ₹ 50003216/100=62246224-5000=1224

Compute the compound interest oncompounded half-yearly,5,000 foryears at 16% per anni

Answer»

P= 5000, t= 1 1/2 , r= 16%A=p(1+r/100)^t(1+1/2r/100) = 5000{(1+16/100)^1(1+16/2/100)= 5000{116/100)(108/100)= 5000×116×108/100×100=6264₹interest= A - P = 6264 - 5000 = 1264 ₹

5000*32*16/100=62246224-5000=1224

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Compute the compound interest oncompounded half-yearly,5,000 foryears at 16% per anni

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