1.

Find the amount if principal is 50000 at 12% p.a for 1 ½ year if interest is calculated compoundedhalf yearly​

Answer»

ANSWER:

Step-by-step explanation:

It is given that  

Principal (P) = 50000

Rate of interest (r) = 8% p.a. = 4% semi-annually

Period (n)= 1  

2

1

​  

 years = 3 semi-annually

We KNOW that  

AMOUNT = P(1+r/100)  

n

 

Substituting the values  

= 50000(1+4/100)  

3

 

By further calculation  

= 50000(26/25)  

3

 

= 50000×26/25×26/25×26/25

= 56243.20

Here

Compound interest = A - P

Substituting the values  

= 56243.20−50000

= 6243.20


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