Question

3. If principal = * 1,00,000, rate of interest = 10% compounded half yearly. Find
amount after one year
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Answer 1

compound interest formula

A = [1+r/100]n

100000=[1+r/100]n

10% rate is for 6 months so for 1 year is 20%

100000=[120/100]n

100000=120/100

100000=12/10

100000×0.2

interests =₹ 20000.