Find the amount on the sum of Rs 15,625 for 18 months under compound interest, compounded half yearly at the rate of 16% per annum.A. Rs 19,683B. Rs 19,625C. Rs 20,504D. Rs 19,625

Find the amount on the sum of Rs 15,625 for 18 months under compound i

1.	Find the amount on the sum of Rs 15,625 for 18 months under compound interest, compounded half yearly at the rate of 16% per annum.A. Rs 19,683B. Rs 19,625C. Rs 20,504D. Rs 19,625
Answer» Correct Answer - A `A = P(1+R/100)^(n)` `R=16/2=8%` `rArr A=15,625[(1+8/100)]^(3)` `rArr A=15,625(1+2/25)^(3)` `rArr A=15,625(27/25)^(3)` `rArr A=15,625(27 xx 27 xx 27)/(25 xx 25 xx 25)` `A="Rs" 19,683`

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Find the amount on the sum of Rs 15,625 for 18 months under compound interest, compounded half yearly at the rate of 16% per annum.A. Rs 19,683B. Rs 19,625C. Rs 20,504D. Rs 19,625

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