Question

I need the answer please ​

Answer 1

Step-by-step explanation:

intrest on 1st year on 12000 = 12000×0.2

= 2400

new amount is 12000+ 2400 = 14400

for another 1/2 year will be = 14400× 0.2 = 2880 ÷ 2 = 1440.

so total compound intrest on 12000 is 3840 on 20 %