Question

Find the amount and compound interest on rupees 32500 for 1 year at 12%pa compounded half yearly

Answer 1

Answer:

Rs. 4017 & Rs. 36517

Step-by-step explanation:

Rs. 32500*(1.06²-1)= Rs. 4017

Amount= Rs. 32500 + Rs. 4017= Rs. 36517

Answer 2

$\huge\underline\bold\color{red}\mathfrak{Answer:-}$

Amount = 34,450+2,067=₹36,517

Amount = 34,450+2,067=₹36,517Interest for 2nd half year= ₹1,950+₹2,067=₹4,017.

Step-by-step explanation:

I am doing this by long method because short method eats my mind.

P=₹32500

R=12%

T=1 YEAR

COMPOUNDED HALF YEARLY...

SO INTEREST FOR THE FIRST HALF YEAR=

$\frac{32,500 \times 1 \times 12}{100 \times 2} = ₹1950$

Amount= ₹1950+₹32,500=₹34,450

FOR SECOND HALF YEAR =

P=₹34,450

R=12%

T=1 YEAR

SO COMPOUND INTEREST FOR THE SECOND HALF YEAR=

[tex]\frac{34,450 \times 1 \times 12}{100 \times 2} [/tex] = ₹2067.

SO COMPOUND INTEREST=> Interest for 1st half year+ Interest for 2nd half year

Hope it helps

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