Question

what ammount is to be repaid on aloan of RS.12000 for 1year at 10% per annum if interest is compounded half yearly (Urgent)​

Answer 1

Step-by-step explanation:

solution : principal=12000Rs

time=1year =1×2=2 half years

rate=10% =10/2=5%

Amount =principal (1+rate/100)2

Amount=12000 (1+5/100)2

Amount=12000 (1+1/20)2

Amount=12000 (21/20)2

Amount=12000×21/20×21/20

A=12000×441/400

A=30×441

Amount=13230