Question

Find the compound interest on Rs 14000 for one and half years at 12% p.a if the interest is compounded half yearly.

1 point

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Answer 1

Step-by-step explanation:

Here, P = $12,000, R = 20% and n = 2 years.

Amount after 2 years = P ( 1 + r/2) 2n

= 12,000 ( 1 + 0.20/2) 2 x 2

= 12,000 ( 1 + 0.1) 4

= 12,000 (1.1) 4

= 12,000 x 1.4641

Amount = $ 17569.20

Answer 2

Answer:

i don't know sorry because i am trying