Question

Find the compound interest on 12,000 for 3 half years at 10% per annum interest being payable half yearly​

Answer 1

Step-by-step explanation:

Given that

Principal(P) is 12000

rate r is 10%

time (t) is 3 and half year

To find compound interest ci

Solution

$amount = p \times ( 1 + \frac{r}{2 \times 100} {)}^{n \times 2}$

$amount = 12000 \times (1 + \frac{10}{2 \times 100} {)}^{(3 + \frac{1}{2} \times 2})$

$amount = 16885.20$

$ci = amount - principal \\ = 16885.20 - 12000 \\ 4885.20$

Answer 2

Please refer to the attachment!