Question

A certain sum of money invested for 5 years at 8% per annum simple interest ,earns an interest of rs 12000 find the sum of the money the compound interest earned by this money in 2 years at 10 % per annum compounded half yearly

Answer 1

Step-by-step explanation:

p=12000

r=8%

t=5

p×r×t÷100

=12000×8×5÷100

=4,800

second stape

p=12000

i=4800

r=10%

t=2

p×r×t÷100

=12000×10×2÷100

=2400

a=p+i1

a=12000+4800+2400

a=19,200