Question

if principal 6000 and rate 5% per annum then find the amount in one year interest compound half yearly​

Answer 1

principal = 6000

rate = 5%/2=

time = 1×2 =2 years (interest is calculated in half yearly )

A = p (1+r/100)^t

A = 6000 (1+5/2×100)^2

A = 6000×205/100×205/100

A = 25215 rupee

Hope it will help you