Find the compound interest on Rs 12000 for 2 years at 12% per annum compounded half
yearly?
please don't span don't do copy paste
Answers
Answered by
0
Find the compound interest on Rs 12000 for 2 years at 12% per annum compounded half
yearly?
If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
Answered by
2
Step-by-step explanation:
p= 12000
R=12% per annum = 6% per half year
T = 2year = 4 half years
{12000×(1+6/100)⁴}
12000×53/50×53/50×53/50×53/50
1893715.44
CI = 1893715.44-12000
= 1881715.44
★hope it is helpful to you ★
★★★★★★★★★★★
Similar questions