Ruhi invested R 25,000 at the rate of 12% per annum compounded half yearly. What amount would he get after a year About the author Genesis
Answer: Answer below: Rs 28090 Explanation: Formula for amount for compound interest => A= P(1+\frac{R}{200})^{2n}P(1+ 200 R ) 2n So, amount for the the given case = Rs 25000(1+\frac{12}{200} )^{2}25000(1+ 200 12 ) 2 = Rs 25000(\frac{212}{200})^{2}25000( 200 212 ) 2 = Rs \frac{25000*212*212}{200*200} 200∗200 25000∗212∗212 = Rs 28090 C.I. = Rs (28090-25000) = Rs 3090 Hope it helps… Reply
Answer:
Answer below:
Rs 28090
Explanation:
Formula for amount for compound interest => A= P(1+\frac{R}{200})^{2n}P(1+
200
R
)
2n
So, amount for the the given case = Rs 25000(1+\frac{12}{200} )^{2}25000(1+
200
12
)
2
= Rs 25000(\frac{212}{200})^{2}25000(
200
212
)
2
= Rs \frac{25000*212*212}{200*200}
200∗200
25000∗212∗212
= Rs 28090
C.I. = Rs (28090-25000)
= Rs 3090
Hope it helps…
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