Question

FIND THE COMPOUND INTEREST ON RS 35000 FOR 1 YEAR AT 12% PER ANNUM , INTEREST BEING CALACULATED TO THE PRINCIPAL EVERY HALF YEAR

Answer 1

Answer:  Rs6685.56

Step-by-step explanation:

P = ₹35000

T = 1½ years. = 3 half years

R = 12% p.a.= 6% per half yearly

A= P(1+R/100)raise to the power n

= 35000 (1+ 6/100)³

= 35000 (106/100)³

= 35000 (53/50)³

⇒A=Rs41685.56

CI= A - P

  = 41685.56 - 35000

⇒CI=Rs6685.56

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