Compute the compounded interest on Rs 12000 for 2 years at 20% per annum when compounded half-yearly.

Explanation

Principle`=` Rs .`12000`
Time`(n) = 2`year
Rate`= 20%`
Now , `A= P(1+R/100)^n`
`A= 12000 ( 1+20/100)^2`
`A= 12000 (1+1/5)^2`
`A= 12000 (6/5)^2`
`A= 12000xx 36/25`
`A=17280`