Question

Q18. Kanika invested Rs. 60,000 at
an interest rate of 12% per annum
compounded half yearly. What
amount would he get after 1 year?
O Rs. 63,600
O Rs. 67,200
O Rs. 75,264
O Rs: 67,416​

Answer 1

Answer:- option d. 67,416

Amount 1 = P( 1 + R/n.100 = compound duration

= 60000 ( 1 + 12/200 )

= 63600

Amount 2 = 60000 ( 1 + 12/200 )

= 67,416.