Question

pulkit deposited 80,000 in a post office saving amount if the rate is paid by post office is 13% per annum compounded half yearly what amount after 1 year

Answer 1

Here is the solution:-

p=80000

r=13%

time = 1yrs

but compounded half yearly

then,

p=80000

r=13/2

time = 1×2

2

A=P(1+r/100)n

= 80000(1+13/2×100)²

=80000×213/200×213/200

=90,738 answer