Find the amount and compound interest on rupees 32500 for 1 year at 12%pa compounded half yearly
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Answer:
₹3997.5
Step-by-step explanation:
A=P(1+R/200)*2
A=32500(1+12/200)*2×1
A=32500(1+12/200)*2
A=32500×212/200×212/200
A=32500×1.123
A=₹36497.5
CI=A-P
CI=36497.5-32500
CI=₹3997.5
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