find the compound interest on Rs 12000 at 8% per p.a, for 1 year the interest payable half-yearly
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Given: prin = 1200
RATE = 8%
{you have to divide rate and time by 2 because interest is calculated semi anually}
AMOUNT=P×[1+R/100] to the power n
(here n means time)
now you have principle and amount
so subtract principal from amount.
RATE = 8%
{you have to divide rate and time by 2 because interest is calculated semi anually}
AMOUNT=P×[1+R/100] to the power n
(here n means time)
now you have principle and amount
so subtract principal from amount.
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