1 6. Find the CI on 64000 for 1- 2 A Cr years at 5% p.a., the interest being compounded half-yearly​

  • matematika

    Subject:

    Math

  • Author:

    annora

  • Created:

    1 year ago

Answers 1

Answer:

[tex]\fbox {Interest = 1600}[/tex]

Step-by-step explanation:

Formula :

[tex]\boxed {A = P (1 + \frac{r}{n})^{nt}}[/tex]

Given :

  1. A = 64000
  2. t = 1/2 years
  3. r = 5% = 0.05
  4. n = 2

Solving :

  • A = 64000 (1 + 0.05/2)^{2 x 1/2}
  • A = 64000 (1.025)
  • A = 64000 x 1025/1000
  • A = 64 x 1025
  • A = 65600
  • Interest = A - P
  • Interest = 65600 - 64000
  • Interest = 1600

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Answer:

[tex]\fbox {566}[/tex]

Step-by-step explanation:

Identifying the pattern :

184 - 106 = 78

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Here, we see the difference between the numbers increases by a value of 2 between consecutive terms.

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Explanation:

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