Question

Find the compound interest on 14000 for
3/2
years at 12% p.a., if the interest is
compounded half-yearly.​

Answer 1

Question:

Find the compound interest on 14000 for3/2years at 12% p.a., if the interest iscompounded half-yearly.

Solutions:

int= a-p

$p(1 + r \div 100)n - p$

$= 14000(1.06)3 - 140000$

$= 14000(1.191016)14000$

Answer:

$= 14000 \times 0.191016$

$2674.224$

Thanks