Question

find the amount and the compound interest on rupees 750 length at compound interest of 12 percent annum for 1 year if the interest is payable half-yearly ​

Answer 1

Answer:

₹842.7

Step-by-step explanation:

Half yearly compound interest= P(1+r/200)^2n, where n= no. of years; P=Principle; and r=rate% P.A

Inputting given values, you get 750(1+12/200)²

==> 750(53/50)²

==> 750*53² / 2500

==>3*53²/10

==>8427/10

=₹842.7