Find the compound interest on Rs 12000 for 2 years at 5% per annum
a) compounded half yearly.
b) Compounded annually.
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Answers
Answered by
8
Answer:
(a) CI = ₹1,245.7546875
(b) CI = ₹1,230
Step-by-step explanation:
(a)
PRINCIPAL=₹12,000
RATE% = 5%
TIME = 2 YEARS
SO,
WE KNOW,
A = P(1+R/200)²ⁿ
= 12000(1+5/200)²*²
= 12000(205/200)⁴
= (12000*205*205*205*205)/200*200*200*200
= 2,11,93,20,75,00,000/1,60,00,00,000
= ₹13,245.7546875
SO,
CI = A-P
= ₹1,245.7546875
(b)
PRINCIPAL = ₹12,000
RATE% = 5%
TIME = 2 YEARS
SO,
WE KNOW,
A=P(1+R/100)ⁿ
=12000(1+5/100)²
= 12000(105/100)²
= (12000*105*105)/100*100
= 13,23,00,000/10,000
= ₹13,230
CI = A-P
= ₹1,230
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