Question

find the compound interest of 60000 @ 10% per annum for 1 whole 1 upon 2 years when interest is compounded half yearly​

Answer 1

T when half yearly = (3/2)*2 = 3 years

R = 10/2 = 5% = 1/20

20 ---------------- 21

8000 ----------- 9261

now,

8000 is given -------- 60000

1261 will be ------------ 9457.5 (ans.) ☺️