An amount of Rs. 12000 is invested for 1.5years which will be compounded half yearly at a rate of 5%. Find the final amount after one and a half years?

14981.5

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15891.5

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13891.5

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15521.5

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Solution

The correct option is C
13891.5

Amount = Principal $(1 + \frac{r}{100})^{n}$

Here P = Rs 12000

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An amount of Rs. 12000 is invested for 1.5years which will be compounded half yearly at a rate of 5%. Find the final amount after one and a half years?

The correct option is C 13891.5 Amount = Principal (1+r100)n Here P = Rs 12000

The correct option is C
13891.5

Amount = Principal $(1 + \frac{r}{100})^{n}$

Here P = Rs 12000