Question

jacob invested Rs.60000 at interest rate of 12% per annum compound hal yearly. what amount would he get
i) after 6 months? ii)after 1 year​

Answer 1

Answer:

I hope it helps you

thankyou

Answer 2

Answer

we know that as that

A=p(1+r/100)n

where's

A=amount

P= principal

R= rate

n= time period

principal (p)= RS.60000

Rate (R). = 12% =6%per 6 months

(I) after 6 months

n=6 months=1

A= 60000×(1+6/100)1

A= 60000×(1+0.06)

A= 63600

(II) after 1 years

n= 12 = months 2

A= 60000×(1+6/100)2

A= 60000×(1+0.06)2

A= 67416

I hope you satisfied