Question

5. Vasudevan invested 60,000 at an interest rate of 12 perannum compound
half yearly. What amount would he get
0) after 6 months?
(ii) after I your​

Answer 1

Answer:

p = 60000

r = 12%

t = 6 months si =. 60000×12× 6/100

= 1200.

A = p+ Si = 60000+1200

61200

Answer 2

Answer:

As we know that,

A=P(1+

100

R

)

n

Whereas,

A= Amount

P= Principal

R= Rate

n= Time period

Given:-

Principal (P)=Rs.60000

Rate (r)=12%=6% per 6 months

(i) After 6 months-

As the interest is compounded half-yearly,

n=6 months=1

∴A=60000×(1+

100

6

)

1

⇒A=60000×(1+0.06)

⇒A=63600

(ii) After 1 year-

As the interest is compounded half-yearly,

n=12 months=2

∴A=60000×(1+

100

6

)

2

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⇒A=60000×(1+0.06)

2

⇒A=67416

Hence the amount he get after 6 months and 1 year will be Rs.63600 and Rs.67416 respectively.