Question

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?

Answer 1

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

Answer 2

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