Question

If P = 1,00,000, r = 10% compounded half yearly. Find. a)Amount after 6 months. b)Amount after one year.​

Answer 1

Answer:Amount after 6 months=105000

             Amount after one year=110250

Step-by-step explanation: Given, Principal(P)=100000

Rate of interest(R)=10%compounded half yearly

$A=P(1+R/200)^{n}$  ,for 6 months

A=P(1+R/100)^{1}          (therefore ,n=1 for 6 months)

=10000(1+10/200)

=10000*21/20

=105000

Therefore, amount after 6 months=105000

(ii)amount after 6 months=10500

A=P(1+R/100)^{1} (therefore, n=1 for 6 months)

=105000(1+10/200)

=105000*21/20

=110250

Therefore, amount after 6 year=110250