Question

calculate the amount and compound interest on a sum of ₹10000 at 12% p. a. compound quaterely for 6 months​

Answer 1

Answer:

given sum amount = 10000

interest rate 12 per year(12 month)

we have to calculate only for 6 month

Step-by-step explanation:

interest for a year = amount x rate of interest/100

$interest = 10000 \times \frac{12}{ 100} = 1200$

now we calculate interest for 6 months only,

$interest \: for \: 6 \: month = year \: interest \: \times \frac{6}{12 } \\ = 1200 \times \frac{6}{12} \\ = 600$