Question

ajay deposited 10000 rupees in a bank which compounds interest half-yearly at 10% annual rate.how much would he get back after 1 1/2 years?​

Answer 1

Given:-

Amount Ajay will get back Rs 11,576.25

Step-by-step explanation:

Principal (P) = Rs 10,000

Interest rate (r) = 10 %

Time (n) = 1 ½ year

To find:

Amount Ajay will get back

Solution :

Therefore,

Amount Ajay will get back Rs 11,576.25

Hope it can help you!

Answer 2

$\large{\underline{\underline{\mathsf\blue{Required\:Answer}}}}$

→ A = P ( 1 + $\frac{r}{100}$ )ⁿ

→ A = 10000 ( 1 + $\frac{10/2}{100}$ )^1.5 × 2

→ A = 10000 ( 1 + 0.05 ) ³

→ A = 10000 ( 1.05 ) ³

• A = 11,576.25