Question

Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000 compounded half-yearly.​

Answer 1

Answer:

15595.2

Step-by-step explanation:

Compound Interest=x

Principal=12000

Time =2 half years (because there are two half years in one year)

\begin{gathered}12000 \times (114 \div 100) ^{2} \\( 12000 \times 57 \times 57) \div (50 \times 50) \\ 15595.2\end{gathered}12000×(114÷100)2(12000×57×57)÷(50×50)15595.2