Question

find the amount and the compound interest on rs. 120000 at 8% per annum for 1 year, compounded half yearly

Answer 1

amount=129792
compound interest=9792
this is the process.Just check if the answer is right or wrong.

Answer 2

Amount = $Rs.12,9792$ and ompound interest = Rs. 9792.

Step-by-step explanation:

Given,

Principle(P) Rs. 12,0000, rate(r) = 8 % annually = 4 % half yearly

and Time(n) = 2

To find, the amount and the compound interest = ?

We know that,

$A=(1+\dfrac{r}{100} )^{n}$

$=12,0000(1+\dfrac{4}{100} )^{2}$

$=12,0000\times \dfrac{104}{100} \times \dfrac{104}{100}$

$=12\times 104\times 104$

$=12\times 10816=Rs.12,9792$

∴  Compound interest (CI) = A - P

$= Rs.12,9792 - Rs. 120000$

= Rs. 9792

Hence,  amount = $Rs.12,9792$ and ompound interest = Rs. 9792.