Question

Mr Verma deposit Assam of 10000 in a bank paying an interest of 10% calculated half yearly what is the amount received received after the period of one year

Answer 1

Answer:

answer is Rs.11025

Step-by-step explanation:

Principle=Rs.10000

Rate for 1st half-year=10%

time=1/2 year

therefore compound interest for 1st half-year=p*r*t/100

                                                                               =10000*10*1/2*100

                                                                                =Rs.500

therefore amount for the first half year= 10000+500= Rs.10500(so the next principle will be Rs.10500)

so compound interest for the second half year=p*r*t/100

                                                                               =10500*10*1/2*100

                                                                                =Rs.525

   Therefore amount at the end of 1 year=principle + interest

                                                                     =10500+525

                                                                      =Rs.11025(ans)

Answer 2

Step-by-step explanation:

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