calculate the compound interest on ₹ 12000at 4% per annum for 1 year compounded
a) annually b) half yearly
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calculate the compound interest on ₹ 12000at 4% per annum for 1 year compounded
a) annually b) half yearly
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Answer:
13891.5
Step-by-step explanation:
P=12000
R=4%
T=1.5
A=12000(1+0.05)^3
A=12000×1.1576625
A=13891.5
Step-by-step explanation:
here is your answer thanks