Question

find the simple interest for sum of ₹12000 for half year at 10 percent rate​

Answer 1

Rs. 2,520

Step by step

Here P=12,000 Rs., n=2 years, R=10

Amount(A)=P(1+ 100/R ) ^n

=12000(1+ 100/10 ) ^2

=12000( 10/11 ) ^2

= 100/12000×121

=14,520 Rs.

Compound interest(C.I)=A−P=14,520−12,000=2520

Hence, the compound interest is Rs. 2,520