Question

mrs verma deposited a sum of money 10000 in a paying an interest of 10 % per annum calculated half yearly what is the amount she received after the period of one year​

Answer 1

Answer:

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)