Question

find the compound interest on rupee 21,000 at 12% rate of interest for 1 year, compounded half-yearly​

Answer 1

Step-by-step explanation:

I write 12 by 200 instead of 12/100 and 2 year instead of 1 year because

Because

i interest is compounded half yearly so we have to divide interest by 2 and multiply number of year by 2.