Question

calculate the amount and compound interest on 10800 for at 12% per annum for 1/2 year annually​

Answer 1

Answer:$p = 10800 \\ n = \frac{1}{2} years \\ r = 12 percent \\ amount = p(1 + \frac{r}{200} ) {n} \times 2 \\ = 10800( 1 + \frac{12}{200} ) \frac{1}{2} \times 2 \\ = 10800 \times \frac{212}{200} \\ = 11448 \\compound \: interest \: = amount - p \\ (11448 - 10800) = 648$

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