Question

What is the compound interest for 25000 for 1.5 year at the rate of 12 p.c.p.a? 1 4580 2) 4.780 3) 4.680 4) 4,500 ​

Answer 1

Answer:

Take 1st year : P1= 25000,R=12 % ,t=1 compounded half yearly

Interest=p×r×t/100

25000×12×1/100

= 300000/100

= 3000

Amount = 25000+3000

=28000

2nd year = p2=28000,R=12/2 for half year, t=1

interest= p×r×t/100

=28000×12×1/100×2

=28000×6/100

= 280×6

=1680

Therefore, C. I. = i1 + i2

= 3000+1680

Ans = 4680

So your question os solved

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