Question

Find compound interest on Rs 5000 at 12% p.a for 1 yeare compound half yearly​

Answer 1

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

Answer 2

Answer:

The compound interest is Rs 618.

Step-by-step explanation:

Referred to the attachment.