calculate the amount and Compound interest on ₹125000 for 1 and1/2 years at 12% per annum Compounded half yearly
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Step-by-step explanation:P=125000
T=1and 1/2 yrs=3/2(3half years)
R=12%per annum(6%semi annum)
A={12500(1+6/100)3}
{12500(100+6/100)3}
{12500(106/100)3}
{12500(53/100)3}
12500 x 53/50 x 53/50 x 53/50
53 x 53 x 53
148877.
C. I = A-P
148877-125000
=23877.