Question

Find the CI on Rs 12,000 for 1 year and 6 months at 10% per annum compounded half yearly.
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Answer 1

Answer:

Step-by-step explanation:

To find compound interest when interest is compounded half-yearly we use formula

A=P(1+  

2

r

​  

)  

2n

 

Here, P=Rs.12000,r=10% and n=1.5 years

Hence,A=12000(1+0.05)  

3

 

A=12000×1.157625

A=Rs.13891.5