Question

Q4.Vasudevan invested Rs.60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get:




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Answer 1

Given,

Principal amount $P= 60,000$

Rate of interest per annum $R=12$%

For half year $= \frac{12}{2}=6$%(6 months)

After $6$ months

$R=6,n=1$

Formula,

$A=P(1+\frac{R}{100} )^{n}$

$=60,000(1+\frac{6}{100} )^{1}$

$=60,000(1.06)$

$A=63,600$

After $1$ year

$n=2,r=6$

$A=60000(1+\frac{6}{100} )^{2}$

$= 60000(1+0.06)^{2}$

$=60000(1.1236)$

$A=67,416$

Therefore, the amount he get after half year is $63600$ rupees and after $1$ year $67416$ rupees.

Answer 2

Answer:

hey user kindly refer to the attachment

Step-by-step explanation:

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