Question

Find the compound interest on rupees 12000 AR 8% PA for 1 years, the interest payable half-yearly

Answer 1

Step-by-step explanation:

p = 12000

r = 8% = 4 %

t = 1 yr. = 2 yrs.

A.T.Q

AMMOUNT = p ( 1 + r/100)^n

= 12000 (1 + 4/100)²

= 12000 (1 + 1/25)²

= 12000( 25+ 1/25)²

= 12000( 26/25)²

= 12000*26/25 * 26/25

= 2400* 26/5 * 26 /25

= 480 * 26 * 26/25

= 96 * 26 * 26/5

= 96 * 676/5

= 12979.20

A = 12979.20

COUMPOND INTREST = A - P

= 12979.20 - 12000

= 979.20

= C.I = 979.20

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