Question

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

Answer 1

Step-by-step explanation:

compound interest = 14000

rate = 12 p.a

halfyearly =6 months

A=P(1+R/100)n

=14000(1+12/100)6

=14000(112/100)6

=14000(1.12)6

=14000*1.12*1.12*1.12*1.12*1.12*1.12

=14000*1.97382269

=27,633.5177