Question

a man invests 25000 rupees @ 12 % per annum compounded half yearly. what amount will he get after a year?

Answer 1

Answer below:

Rs 28090

Explanation:

Formula for amount for compound interest => A= $P(1+\frac{R}{200})^{2n}$

So, amount for the the given case = Rs $25000(1+\frac{12}{200} )^{2}$

                                                           = Rs $25000(\frac{212}{200})^{2}$

                                                           = Rs  $\frac{25000*212*212}{200*200}$

                                                           = Rs 28090

C.I. = Rs (28090-25000)

     = Rs 3090

Hope it helps.....

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Answer 2

Answer:

Hope it helps

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