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) compound interest on this sum for one year payable half-yearly at the same rate
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Answer 1

Answer:

Answer:

Pnr/100=1380

P = 1380×100/2×12

P= 5750

Answer 2

Answer:

1.5750

2.7212.8

Step-by-step explanation:

pls refer the attached paper for solution