Question

Find the amount and compound interest on rupees 32500 for 1 year at 12%pa compounded half yearly

Answer 1

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