Find compound interest on Rs 5000 at 12% p.a for 1 yeare compound half yearly
Answers
Answered by
0
Answer:
Rs 618
Step-by-step explanation:
half yearly means- double the time and half the rate I.e.6% for 2 yrs
- Formula of C.I. = P( 1+R/100)^T-P
- 5000 (1+6/100)^2-5000
- 5000(1+3/50)^2-5000
- 5000*53*53/(50*50)-5000
- 2*53*53-5000=5618-5000
- =618Rs
Answered by
3
Answer:
The compound interest is Rs 618.
Step-by-step explanation:
Referred to the attachment.
Attachments:
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