Question

Find the compound interest on 12,500at 6% per annum for 1year ,if the interest is paid in 4months interval.​

Answer 1

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. Interest can be compounded on any given frequency schedule, from continuous to daily to annually.

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Answer 2

Answer:

505

Step-by-step explanation:

principal = 12500

rate = 6% per annum

trivalent rate given in question so rate will = 6/3= 2%

then,

time= 1×3=3years

amount = principle × 102/100 × 102/100

amount = 12500 × 102 /100 × 102 /100 h= 13005

compound interest = amount - principal= 13005-12500=505

compound interest = 505

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