ICSE Class 9 Answered
1
19. Calculate the compound interest at 8% p.a., compounded half-yearly, on Rs 3,000 for 13 years.
Asked by shilmesh2325 | 30 Jan, 2021, 09:35: AM
![F o r space i n t e r e s t space t o space b e space c o m p o u n d e d space h a l f space y e a r l y
r a t e space o f space i n t e r e s t space equals R over 2
A equals P open square brackets 1 plus fraction numerator R over denominator 2 cross times 100 end fraction close square brackets to the power of T
w h e r e space T equals n u m b e r space o f space c y c l e s space
A equals 3000 open square brackets 1 plus fraction numerator 8 over denominator 2 cross times 100 end fraction close square brackets to the power of 26
A equals 3000 open square brackets 26 over 25 close square brackets to the power of 26](https://images.topperlearning.com/topper/tinymce/cache/4e7daeb888ec37474a25863bc0beaa7e.png)
Answered by Utkarsh Lokhande | 18 Mar, 2021, 00:38: AM
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