Question

2. Find the amount and the compound interest on Rs 6000 at 10% p.a. for 12 years compound
interest reckoned semi-annually.
3. What sum of money invested at 4% p.a. compounded annually for 3 years amount to
RS 18522​

Answer 1

Step-by-step explanation:

Correct option is

C

Rs. 615

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+

2×100

100

)

2

−6000

=6000×

20

21

×

20

21

−6000

=6615−6000=615.

So the compound interest is Rs. 615.

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