Question
Mon March 23, 2015 By: Astha Agrawal

Kindly solve the question given below?
 
Find the amount at compound interest on Rs473 for 1year 6months at 4 and half% ,payable half yearly.

Expert Reply
Vimala Ramamurthy
Tue March 24, 2015
F o r space i n t e r e s t space c o m p o u n d i n g space w i t h space t space p e r i o d s space i n space a space sin g l e space y e a r comma space A equals P cross times open parentheses 1 plus fraction numerator r over denominator 100 t end fraction close parentheses to the power of n t end exponent H e r e comma space P equals 473 r equals 4.5 % t equals 2 n t equals 3 over 2 cross times 2 equals 3 T h u s comma space A equals 473 cross times open parentheses 1 plus fraction numerator 4.5 over denominator 100 cross times 2 end fraction close parentheses cubed space space space space space space space space space space space space space equals 473 cross times open parentheses 1 plus fraction numerator 4.5 over denominator 100 cross times 2 end fraction close parentheses cubed space space space space space space space space space space space space space equals R s.505.65
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