Find compound interest on Rs. 1000 for 6 months at 12% per annum compounded half yearly.
Answers
Answered by
26
Answer:
₹60
Step-by-step explanation:
A = P( 1 + R/100 ) exponent t
Now, rate = 12/2 = 6 %
Time = 1/2 × 2 = 1
Therefore, Amount = 1000 ( 1 + 6/100 ) ¹
= 1000 × 106/100
= 1060.
Compound Interest = 1060 - 1000 = 60.
Answer = ₹60.
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Answered by
3
Answer:
₹60
Step-by-step explanation:
A = P( 1 + R/100 ) exponent t
Now, rate = 12/2 = 6 %
Time = 1/2 × 2 = 1
Therefore, Amount = 1000 ( 1 + 6/100 ) ¹
= 1000 × 106/100
= 1060.
Compound Interest = 1060 - 1000 = 60.
Answer = ₹60.
Step-by-step explanation:
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