Question

9. Find the CI at the rate of 14% per
annum for 1 year on a sum of 12,000
compounded half-yearly.​

Answer 1

Answer:

Step-by-step explanation:

R=14%p.a. =7%per.half year

Time is 1 year i.e. 2×1=2 half year.

A=P(1+R/100)ⁿ

=12000(1+7/100)²

=12000×(107/100)²

=137388/10 Rs

= Rs.13738.80