Final answer:
The amount of rupees 8000 in 1 1/2 years at 5% per annum compound interest payable half yearly is ₹9261.00.
Step-by-step explanation:
To find the amount of rupees 8000 in 1 1/2 years at 5% per annum compound interest payable half yearly, we can use the formula for compound interest:
Amount = Principal * (1 + (rate/100))^n
Where:
Principal = 8000
Rate = 5%
n = 1 1/2 years = 3 half-years
Substituting these values into the formula:
Amount = 8000 * (1 + (5/100))^(3)
= 8000 * (1 + 0.05)^(3)
= 8000 * (1.05)^(3)
Using a calculator, we evaluate this expression to get:
Amount = 8000 * (1.05)^3 = 8000 * 1.157625 = 9261.00
Therefore, the amount of rupees 8000 in 1 1/2 years at 5% per annum compound interest payable half yearly is ₹9261.00.