Question discussion

Calculate the amount on Rs. 37,500 @ 8% p.a compounded half yearly for $1\frac{1}{2}$ years.

192420Medium 2 replies 1,748 views
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Calculate the amount on Rs. 37,500 @ 8% p.a compounded half yearly for $1\frac{1}{2}$ years.
  • ARs. 42,182.40
  • BRs. 42,000
  • CRs. 42,120
  • DRs. 42,812.40
Answer not set
0
CCommunity
⇒ Principal = Rs. 37500

⇒ Rate = 8% per annum

⇒ Time = 3/2 years

⇒ Compound amount = Principal{1 + (rate/200)}(2 × time) = 37500{1 + (8/200)}{2 × (3/2)} = 37500(26/25)3 = Rs. 42182.40
0
CCommunity
Principal =37500 rs

Rate = 8% , bcz half yearly so, 8÷2 =4%

Time = 3/2 years, so 3/2 × 2 = 3years

Amount = 37500{1+r/100}^3

= 37500×(104/100)^3 =37500×(26/25)^3

=42,182.4 Rs