find the compound interest on 12000 at 8% for 1 years the interest payable half-yearly
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Answer:
Step-by-step explanation:
A=p(1+r/100)^n
A=12000(1+(8/200))^2
=12000(26/25)^2
=12000(676/625)
=12979.2
ci=A-P
=12979.2-12000=979.2
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