Question

find the amount and compound interest on rs 2500 at 12 percent per annum for 1 year compounded semi annually​

Answer 1

Answer:

according to question :-

amount = p (1+r/100)^n

amount = 2500(1+12/100)^1 = 2500 (112/100) = ₹2800

now CI = amount - principal = 2800-2500 = ₹300

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