Question

Find the amount and C.I. on rupees 12000 in one year at 10% p.a. compounded half-yearly​

Answer 1

Answer:

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Answer 2

Answer:

The amount is Rs.13230.

The compound interest is Rs.1230.

Step-by-step explanation:

To find : The amount and the C.I. on 12,000 at 10% per annum compounded half-yearly ?

Solution :

Using compound interest formula,

A = P(1+)nt

Where,

Principal (P) =

12,000

Rate (r) = 10% =0.1

Time (t) = 1 years =

Substitute the values,

A = 12000(1 + )×2 1x2

A = 12000(1 + 0.05)

A = 12000105

A 12000 x 1.1025

A = Rs.13230

The amount is Rs.13230.

C.I. = Amount - Principal

C.I.= * 1323012000

C.I. = 1230

The compound interest is Rs.1230.

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