Question

Mr. Sharma invested ₹ 30,000 at an interest rate of 10% per annum compounded half yearly, what amount would he get ? a) after 6 months b) after 1 year.​

Answer 1

10%of 30,000=3000

so so per annum he will get 3000 extra

a)

half of th year = 3000/2=1500

total he will get 31500

b) annul = 3000

total she will get 33000