Question

Find the compound interest and amount for compounded half yearly p=rupees. 60,000 n= 1 year. R= 12% per annum

Answer 1

Answer:

Step-by-step explanation:

By simple Interest method:

=> S.I = PRT/100

For 1st halfyear:

P1 = ₹60000

R = 12%

T = 1/2 year

=> S.I1 = (60000 × 12×1)/100×2

=> S.I1 = 3600

Hence: amt. for 1st half year

A1 = 60000+3600

= ₹63600

For 2nd half year:

P2 = Amt. of 1st halfyear

R = 12%

T = 1/2

=> S.I2 = (63600×12×1)/100×2

=> S.I2 = 3816

Hence: Amt. for 1 year = P2+SI2

= 63600+3816

= ₹67416

C. I = SI1+SI2

=3600+3816

= 7416