Question

compute the compound interest on Rs.12,000 for 1 1/2 year at 10%per annum compounded half yearly?
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Answer 1

Answer:

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Step-by-step explanation:

1. Principal (P) = ₹ 12,000.
2. Rate (r) = 10%
3. Time (t) = 1 years.
4. Amount = P × (1 +(r/ (2 × 100)) n × 2
5. = ₹ 12,000 × (1 + (10/200)) 2
6. = ₹ 12,000 × (210/200)2
7. = ₹12,000 × 21/20 × 21/20 = ₹ 13,230.
8. C.I. = Amount – Principal.