Formula for compounded half yearly

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Solution

Amount= Principal*{1+(r/2)/100)^n
r=rate of interest
n= conversion periods

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Similar questions

Calculate the amount and compound interest on

(a ) $R s 10800$ for $3$ years at $12 \frac{1}{2} %$ per annum compounded annually.

(b) $R s 18000$ for $2 \frac{1}{2}$ years at $10 %$ per annum compounded annually.

(d) $R s . 8000$ for $1$ year at $9 %$ per annum compound half yearly.

(You could use the year by year calculation using SI formula to verify)

(e) $R s . 10000$ for $1$ year at $8 %$ per annum compounded half yearly.

Find the difference between compound interests compounded half-yearly and yearly on Rs 5000 for 1 year at 10% p.a.

5000

1

8 %

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