Question

Calculate the amount and the interest on a sum of ₹88,000 invested for 1 year at 5% rate of interest p.a. compounded half yearly.

Answer 1

Answer:

principal =₹88000

rate=5%

time =1 year

s.I= p×R×T/100

88000×5×1/100

s.I =4400

Amount=S.I +principal

=4400+88000

=924000 Answer