Solution
Here we have to use compound interest formula for half year.
6 months = 1/2 years
Amount = [tex]P(1 + \frac{r/2}{100})^2n[/tex]
R = Rate
P = Principle
n = number of years
Here P = 6000, r/2 = 3.5/2 = 1.75, n = 1/2
Plug in the given values into the formula, we get
A = 6000(1 + 1.75/100)^2(1/2)
A = 6000(1 + 0.0175)^1
A = 6000(1.0175)
A = $6105
Compound interest = A - P
= $6105 - $6000
Interest = $105
Thank you :)
