how much interest it will earn if 6000 lent at 12% per annum compounded annually for one and a half year
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Answered by
1
Answer:
1080 is the interest that he gets for one and half years . and the money that he gets as total in one and half year is 7080.
Answered by
5
Answer:
Rs. 1080 ( Interest )
Rs. 7080 ( Amount )
Step-by-step explanation:
Principal = 6000
Rate of interest = 12
Time = 1.5 years
Interest = ( 6000 × 12 × 1.5 ) ÷ 100
= 1,08,000 ÷ 100
= 1,080
Amount = 6000 + 1080
= Rs. 7080
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