Question

years. The interest is payable
Find the compound interest on Rs 12000 at 8% p.a. for 2 1/2
half-yearly.
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Answer 1

Answer:

hi

Step-by-step explanation:

it's answer is 10080

Answer 2

Answer:

sum p = 12000,rate = 8% p.a

Step-by-step explanation:

rate half yearly = 8/2 = 4%

time = 2 1/2 yrs = 5 half yrs

A =12000(1 +4/100)^4×(1 + 4/100)^1

= 12000×1.04×1.04×1.04×1.04×1.04

= Ra 14600(approx)

C.I = A - P = 14600-12000

= Rs2600 Answer