Question

Find the compounded interest for six months on Rs.10,000 at an annual rate of
interest of 12% if the interest is compounded every 3 months.
​

Answer 1

Answer:

5,000

Step-by-step explanation:

hope I will right

Answer 2

Given :-

• Principal (P) = Rs. 10000
• Time (n) = 6 months
• Rate (R) = 12%

To Find :-

• Compound Interest (C.I) = ?

Solution :-

→ Compound Interest = P ❪❲1 + R/100❳² - 1❫

→ Compound Interest = 10000 ❪❲1 + 3/100❳² - 1❫

→ Compound Interest = 10000 ❪❲100 + 3/100❳² - 1❫

→ Compound Interest = 10000 ❪❲103/100❳² - 1❫

→ Compound Interest = 10000 ❪❲10609/10000❳ - 1❫

→ Compound Interest = 10000 ❪❲10609 - 10000/10000❳ - 1❫

→ Compound Interest = 10000 ❪609/10000❫

→ Compound Interest = Rs. 609

Therefore,The Compound Interest is Rs.609 .