Question

The simple interest on a sum of money for 2 years at 12 % per annum is ₹ 1380 . Find : 1) The sum of money , 2) The compound interest on this sum for one year payable half - yearly at the same rate .​

Answer 1

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Answer 2

Answer:

1.5750

Step-by-step explanation:

I=pnr

=p×2×12/100

1380=24p/100

138000/24=p

p=5750

2. compound interest

i= p(1+r)*n

=5750(1+12/100)*2

=5750(112/100)*2