Question

I invested 60000 at an interest rate of 12% per annum compounded half yearly what amount would we get after 1 year​

Answer 1

Answer:

si=prt/100

60000*12*1/100

7200

Answer 2

Solution

p=60000

r=12%

t=1 year

n=2(as half yearly)

therefore.....

total amount after 1 year would be

$=p \times (1 + \frac{r}{100} ) {}^{nt} \\ = 60000 \times (1 + \frac{12}{100} ) {}^{2} \\ = 60000 \times \frac{112}{100} \times \frac{112}{100} \\ = 112 \times 112 \times 6 \\ = 75264 \: \: rupees$

•••Hope this helps you.......