ashwin deposited ₹75,000 where the intrest is credited half yearly. find the amount he will receive after 3 years at 16% per annum?
Answers
Answered by
1
Step-by-step explanation:
Si = Rate × principal× time/100
75000×3×6/100
=36000
75000+36000=111000
So, he will receive ₹ 1,11,000 after 3 years
Answered by
0
Answer:
₹119015.57
Step-by-step explanation:
P=75000
R=16%/2=8%(beacuse there it half yearly compoundation)
T=3*2=6 years
A=P*(1+R/100)t
=75000*(1+8/100)6
=75000*(108/100)6
=75000*108/100*10
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