Question

Find the compound interest on Rs.5000 at 12% p.a. for 1 year, compounded half yearly.

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Solution;

Given that; p=5000

r=12% ,t=1 year, compounded half yearly =2 six months in a year.

To find;

Compound interest

To prove;

we know that; C.A=p (1+r/100)ke power t

=5000 (1+12/100) ke power 2

=5000 (1+3/25) ke power 2

=5000 (28/25)×(28/25)

=5000×784/625

=6272

C.A=6272

C.I=C.A-P

=6272-5000

=1272

Rs 1272 Answer