Question

find the compound interest on rupees 60000 at the rate of 10% per annum


please answer it'urgent
step by step please

it's answer is 9457.50 or 9457.5​

Answer 1

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+ 2×100

100−6000=6615−6000=615.

2 −6000=6000× 2021 × 2021 −6000=6615−6000=615.So the compound interest is Rs. 615.

Hope it will help you.