Question

Kavita deposited 50,000 at 10% p.a. for a year in a bank. If the interest is calculated half-yearly then what
amount will she get after 1 year?​

Answer 1

Answer:

Rs. 55,125

Step-by-step explanation:

Prinipal = Rs. 50,000

n (tme) = 1 year = 2 half years

Rate = 10% p.a.

= 10/2

= 5% (half yearly)

Therefore,

Amount = P (1 + n/100) ^2

= 50,000 (1+5/100) ^2

= 50,000 × 105/100 × 105/100

= Rs. 55,125

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Answer 2

Answer:

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