Question

33. Vasudevan invested Rs. 60000 at an interest rate of 12% per annum compounded half-
yearly. What amount would he get?
(i)
After 6 months?
after 1 year?​

Answer 1

Answer:

interest after 6 month = 3600

interest after one year = 3816

Step-by-step explanation:

principal = 60000

interest = 12%

half yearly interest = 6%

60000*6% = 3600

60000+3600 = 63600

63600 * 6% = 3816

so total interest ( 3600 + 3816) =

after 6 month he get ( 60000+ 3600) = 63600

after one year he get ( 63600 + 3816) = 67416