# Q : 1       Calculate the amount and compound interest on             (c)   Rs 62,500 for      years at 8% per annum compounded half yearly.

Answers (1)

Given,

Principal,P =Rs 62500,

Compound interest Rate,R = 8% compounded half yearly for 1.5 years.

Since it is compounded half yearly, R becomes half = 4%, and time period doubles, n = 3 years.

We know, Amount when interest is compounded annually, A =

Therefore, the required amount =   = Rs.70304

And Compound Interest, CI = Amount - Principal = Rs. (70304 - 62500) = Rs. 7804

## Related Chapters

### Preparation Products

##### Knockout NEET 2024

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 40000/-
Buy Now
##### Knockout NEET 2025

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 45000/-
Buy Now
##### NEET Foundation + Knockout NEET 2024

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 54999/- ₹ 42499/-
Buy Now
##### NEET Foundation + Knockout NEET 2024 (Easy Installment)

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 3999/-
Buy Now
##### NEET Foundation + Knockout NEET 2025 (Easy Installment)

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 3999/-
Buy Now
Boost your Preparation for JEE Main with our Foundation Course

Exams
Articles
Questions