Question

If principal = Rs 1,00,000. rate of interest = 10% compounded half yearly. Find (i) Interest for 6 months. (ii) Amount after 6 months. (iii) Interest for next 6 months. (iv) Amount after one year

Answer 1

i) 15000

ii) 30000

iii) 45000

iv)60000

Answer 2

Answer:

i . 1st 6 month interest is (100000*20*1/2)/100=10000

ii. amount = 110000

iii. next 6 month interest is (110000*20*1/2)/100=11000

iv. amount =121000