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How do you calculate compound interest for 1.5 years compounded annually?Detailed Solution. Given: P = Rs. 15000, R = 20%, T = 1.5 year.. Concept used: When Calculating semi annually, rate gets halved and time gets doubled.. Calculation: C.I. semi annually ⇒ R = 10%, T = 3 years. C.I. = P [(1 + R/100)T -1] C.I. = 15000[(1 + 10/100)3 -1] = 15000 × (1331 – 1000) × 1000. = 15 × 331. ⇒ C.I. = Rs. 4965.. What will be the compound interest on 5000 if it is compounded half yearly?Complete step-by-step answer:
Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.
What is the compound interest on Rs 8000 at 20% per annum for 9 months compounded quarterly?So, the compound interest on Rs 8000 at 20% per annum for 9 months compounded quarterly is 1261.
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Find the compound interest on Rs 5000 at 20% per annum for 1.5 years compounded half yearly
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