Question

find the amount on rupees 110000 for one year at the rate of 20% per annum. if the interest is compounded half yearly ​

Answer 1

Answer:

133100

Step-by-step explanation:

Given,

find the amount on rupees 110000 for one year at the rate of 20% per annum. if the interest is compounded half yearly ​

half yearly means every 6 months

interest is 20%

for 6 months 20/2=10%

for first 6 months:

10%of 110000=11000

total amount is 110000+11000=121000

next 6 months:

10% of 121000=12100

total amount is 121000+12100=133100