₹12000 for 18 months at 12%per annum compound ed half year – InterviewSolution

1.

₹12000 for 18 months at 12%per annum compound ed half year

Answer»

P = 12000, R = 12/100, n = 18/12 = 3/2Amount = P(1+R/2)^2 n = 12000(1+.12/2)^3 = 12000(1.06)^3 = 12000(1.19) = 14280

CI = A-P = 14280-12000 = Rs 2280

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