Math, asked by nethra49, 5 months ago

how long it will take for a sum of rupees 12000 invested at 5% per annum simple interest to amount of rupees
16000​

Answers

Answered by Anonymous
3

Answer:

A sum of Rs.12000 is invested for 1.5 years which will be compounded half yearly at a rate of 10%. Find the amount obtained.

To find compound interest when interest is compounded half-yearly we use formula

A=P(1+ 2r ) 2n

Here, P=Rs.12000,r=10% and n=1.5 years

Hence,A=12000(1+0.05) 3

A=12000×1.157625

A=Rs.13891.5

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