Question

Maria deposited 15000 in a company , which pays 12 %p.a interest compound semi - annually . What interest will she get after one year
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Answer 1

Step-by-step explanation:

so the principle is 15000

rate is 12% but as it is calculated semi annually we will take it 6%

so interest for first six months= (15000*6*1)/100=900

principle for next six months =15000+900=15900

interest for next six months=(15900*6*1)/100=954

so amount at the end of first year = 16854

C.I.= 1854

hope it helps