Kavita deposited rs50,000 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?
RobinBansal:
Compound interest or simple
compound
compound
yes
Answers
Answered by
16
p=50000
r=10percent=5percent in compounded half yearly
t=1year
amount=p(1+r/100)^n
50000×(1+5/100)^1
50000×21/20
=52500
r=10percent=5percent in compounded half yearly
t=1year
amount=p(1+r/100)^n
50000×(1+5/100)^1
50000×21/20
=52500
Thanks Bro ☺
Answered by
23
Step-by-step explanation:
firstly we have wright basic things principal ,time ,rate but in rate we half the rate because according to question we have to find amount for half year and then the we put formulae p(1+1/100)² then answer is come thanks you
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