Find the ammount and the compound intrest on ₹120000 at 8% per annum for 1 year, compounded half yearly
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principal= Rs 120000
rate = 8%
time= 1 year compounded half yearly
A= P ( 1 +R/200)^n
= 120000(1+8/200)^1
=120000× 26/25 = Rs 124800
compound interest = 124800-120000
= Rs 4800
HOPE ITS HELPFUL
rate = 8%
time= 1 year compounded half yearly
A= P ( 1 +R/200)^n
= 120000(1+8/200)^1
=120000× 26/25 = Rs 124800
compound interest = 124800-120000
= Rs 4800
HOPE ITS HELPFUL
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