Question

Find the compound interest on Rs 2500 at 12%per annum for 1 year,if the interest is compounded half yearly
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Answer 1

Answer:

150

Step-by-step explanation:

A = P[1+R/100]

A = 2500[1+6/100]

A = 2500[1+3/50]

A = 2500[53/50]

A = 2500 * 53/50

A = 50 * 53

A = 2650

CI = A - P

CI = 2650 - 2500

CI = 150