1.

What will be the compound interest on a amount of Rs. 12000, if the interest is compounded half-yearly at 20% per annum for 1 1/2 years ?

Answer»

RS. 3972



r = 20/2 = 10% and t = 2 x 1.5 = 3 yrs
∴ CI = 12000[(1+10/100)3 -1]



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