Compound interest:
Compound interest is calculated by adding the interest to the previous principal to get the new principal for the next definite period of time,
Calculating Interest Compound Half Yearly:
In this case the rate is halved and the time is doubled in years.
1. Find the compound interest on Rs. 5000 for 18 months at 8% per annum, compounded half yearly.
Principal= Rs 5000
Time = 18 months
Rate = 8 % = 4 % when compounded half yearly
Raghu borrowed Rs. 25,000 at 20% p.a. compounded half-yearly. What amount of money will discharge his debt after one and a half year ? | |||
Right Option : C | |||
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What is the difference between the compound interests on Rs. 5,000 for | |||
Right Option : A | |||
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Sam invested Rs. 15000 at the rate of 10% per annum for one year. if the interest is compounded half - yearly, then the amount received by sam at the end of the year will be : | |||
Right Option : C | |||
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