find the amount and compound interest on 750 land at compound interest of 12% per annum for 1 year if the interest is payable half-yearly
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Answer:
Amount = Rs 842.7 & Compound interest = 92.7 Rs on rs 750 lent at compound interest of 12% per annum for one year , if the interest is payable half yearly .
Step-by-step explanation:
P = 750
R = 12 % per annum = 6% Half yearly
n = 1 Year = 2 Half Year
Amount = A
A = P (1 + R/100)ⁿ
A = 750 ( 1 + 6/100)²
A = 842.7
Amount = Rs 842.7
Compound interest = 842.7 - 750 = 92.7 Rs
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