Question

What amount has to be paid on a lone on a ₹ 12000 for 1 1/2 years at 10% per annum compounded half yearly.

Answer 1

compounded half yearly means first we have to divide rate by 2 and multiply time with 2. Then after conversion,
principal=12000 rate=10÷2=5 and time=11÷2*2=11, S.I.=?

si=prt/100
=12000*5*11/100
S.I.=6600
amount=principal+interest
A=12000+6600
A=18600ans.