Question

Find the amount and the compound interest on 32500 for 1 year at 12% per annum, compound half yearly.​

Answer 1

AnswerC.I.=1950 and Amount=34450

Step-by-step explanation:

Answer 2

$a = 32500(1 + \frac{6}{100} ) {}^{2} \\ a = 32500(1 + \frac{3}{50} ) {}^{2} \\ a = 32500 \times \frac{53}{50} \times \frac{53}{50} \\ a = 13 \times 53 \times 53 \\ a = 36517$

HERE IS THE ANSWER

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