Question

Question is :
Find the compound interest on Rs.12000 for 1 1/2 years at 20%, payable half yearly.

Answer is this question is: 3972​

Answer 1

Step-by-step explanation:

P=Rs.12000,T=1

2

1

years=

2

3

yrs

R = 12 % , n=2

A=P[1+

n

R

]

nt

=12000[1+

2

12

]

2×

2

3

=12000×[7]

3

=12000×49×7

A = Rs. 4116000

Compound Interest = Amount - Principal

= Rs.4116000-12000

=Rs.4104000