maira borrowed Rs. 12000 from jamshad at 6% per anum at simple interset for 2 years . this she borrowed this sum at 6% per anum at compounded half yearly?????
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Answer:
Given P=Rs.12000N=2R=6%
S.I.=
100
PNR
SI =
100
12000×6×2
=1440
A=SI+P=1440+12000= Rs. 13440
Compound interest:
A=P(1+
100
r
)
n
=12000(1+
100
6
)
(2)
=12000(1.1236)
=Rs.13483.2
Amount =Rs.13483.20
CI=A−P=13483.20−12000
=Rs.1483.20
Extra interest =13483.20−13440=Rs.43.20
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