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