Question

find the amount and the compound interest on rs9000 for 6 months at 12% per annum, compound every 2 months. ​

Answer 1

Answer:

Amount =9550.872

intrest 550.872

Step-by-step explanation:

as componund intrest amount is given by

A ,= p*(2+r/100)t

also it is compounded at 2 month so rate becomes 1/6

so new rate of interest is 12/6 =2% and t 6/2=3

now 9000*(1+2/100)3

9000*102/100*102/100*102/100=9550.872

as Ci a-p

so intrest= 9550.872-9000=550.872