Question

45. A sum of Rs6000 is
invested at 4% p.a. for a
year then the maturity
amount of the interest is
compounded half yearly is​

Answer 1

Answer:

Rs. 615

Step-by-step explanation:

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+2×100100)2−6000

=6000×2021×2021−6000

=6615−6000=615.

So the compound interest is Rs. 615.