Question

In how much time will ₹ 1,230 be earned as compound interest on 12,000 at the rate of 10% per annum, if the interest is payable half-yearly?​

Answer 1

Answer:

A=Rs.13891.5

Step-by-step explanation:

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

A=P(1(1+  2 r  )  2n

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

Hence,A=12000(1+0.05)  

A=12000×1.157625

A=Rs.13891.5

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