Question

If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi­-annually, then interest earned is

A) Rs.1505 B) Rs.1535 C) Rs.1545 D) Rs.1550

Answer 1

Answer:

Rs1545

Step-by-step explanation:

Amount=Principle(1+r/100)^n

1 year semi annually =1*2=2

n=2

Rate semi annually =12/2=6

r=6

Amount =12500(1+6/100)^2

=12500*1.1236

=14045

Interest=Amount-Principle

14045-12500

=1545

Please mark as brainliest