Question

How much would a sum of ₹10,000 amount to in 1 year at 20% p.a. if the

interest is compounded half yearly?​

Answer 1

Answer:

12100 rs

Step-by-step explanation:

Amount = 10000

time = 1 year

rate = 20% yearly

Solution :-

if interest applying after 6 months then rate will be half = 10%

so

=> 10000×110/100×110/100

=> 110×110 = 12100 rs