Question

b)
What will be the amount received after 1 year if an amount of 10,000 invested at
20% per annum is compounded half-yearly?​

Answer 1

Step-by-step explanation:

Here,n is the number of times the sum is compounded,i.e. 2 times,since it is compounded every 6 months for an year.Rate of interest depends upon the compoundment time.i.e.0.5 year.Here rate of interest per annum is 20%,so it becomes 10% is half year.

Final Answer:₹12100

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