find the compound interest and amount on ₹35000 for 3 years compounded semi annually at the rate of 12% p.a
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P=35000
N=3×2 (compounded semi annually)
R=12
A=P (1+r÷100)^n
A=35000 (1+12÷100)^3
A=35000 (1.12)^3
A=35000×1.12×1.12×1.12
A=35000×1.2544
A=43904
CI=A-P
CI=43904-35000
CI=8904
N=3×2 (compounded semi annually)
R=12
A=P (1+r÷100)^n
A=35000 (1+12÷100)^3
A=35000 (1.12)^3
A=35000×1.12×1.12×1.12
A=35000×1.2544
A=43904
CI=A-P
CI=43904-35000
CI=8904
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