Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000

1.	Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000 compounded half-yearly.
Answer» <P>ANSWER: If INTEREST is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to CALCULATE the interest for 1 year, then T = 2. For 2 years, T = 4.

Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000 compounded half-yearly.

Answer»

If INTEREST is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to CALCULATE the interest for 1 year, then T = 2. For 2 years, T = 4.

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Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000 compounded half-yearly.​

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Find the CI at the rate of 14% per annum for 1 year on a sum of 12,000 compounded half-yearly.