Question

find the compound interest on rupees 5000 at 12% per annum for 3.2 years if the interest is compounded semi annually​

Answer 1

step by step explanation:

Given,

principal=5000

Rate%=12%

Time=3.2 years

Firstly,we have to find amount

Here,n represent given year

Amount=p(1+R/100×2)2n

=5000(1+12/200)2×3.2

=5000(200/200+12/200)6.4

=5000(212/200)6.4

=5000×212/200×64/10

=67840/2

=33920

Therefore C.I=Amount-Principal

=33920-5000

=28,920