Find the amount and the compound Interest on RS 10000 for at 12% per annum compounded half-yearly.
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P = 10000
R = 12
T = 1
n = 2 ( As 0.5 X 2 = 1 )
A = P ( 1+R/100t)^n
= 10000 ( 1 + 12/100X1)²
= 10000 (1+0.12)²
= 10000 (1.12)²
= 10000 X 1.2544
= 12544
CI = A - P
= 12544 - 10000
= 2544
R = 12
T = 1
n = 2 ( As 0.5 X 2 = 1 )
A = P ( 1+R/100t)^n
= 10000 ( 1 + 12/100X1)²
= 10000 (1+0.12)²
= 10000 (1.12)²
= 10000 X 1.2544
= 12544
CI = A - P
= 12544 - 10000
= 2544
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