Question

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​

Answer 1

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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Answer 2

Answer:

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