Find the amount and the compound interest on rs 120000 at 8% per annum for 1 year , compounded half yearly.
Answers
Answered by
1
Answer:
amount=129792
compound interest=9792
Brainliest plz
Answered by
3
Answer:
A=p(1+r/100)n
= 120000(1+4/100)2
= 120000*6/5*6/5
= 127800
Compound interest = A - P
= 127800 - 120000
= 52800
Similar questions