Question

Ram invested rupees 15000 at an interest rate of 12% per annum compounded half yearly what amount would be get after 1 year

Answer 1

First we have to divide 15000 from 12% and the answer is 1250 then multiply it from 366 days (1 year) so the answer is 119700

Answer 2

principal = 15000
rate =12%
time =1 year at half yearly
amount = principal ( rate) time
amount
$15000(1 + \frac{12)}{100)} 2$
$15000 \times \frac{112}{100} \times \frac{112}{100}$
$18816 is the answer$
amount 18816