Question

raghu deposited 6000 rs for 1 year in bank account .how much amount will be recieve on date of maturity if the rate of interest is 12 % p.a. and compounded every 6 month​

Answer 1

Given :-

• Raghu deposited 6000 Rs for 1 year

• Rate of interest on amount = 12%

• Given time = 6 months

Solution :-

Principal = 6000 Rs

Rate of interest = 12%p.a

Time = 6 months

Amount = P ( 1 + R/100)^n

Amount = 6000( 1 + 12/100)^2

[ We have to calculate CI half yearly ]

A = 6000 ( 100+12/100)^2

A = 6000 ( 112/100)^2

A = 6000 * 112/100 * 112/100

A = 6 * 112 * 112/10

A = 3 * 112 * 112 / 5

A = 37632/5

A = 7526.4 Rs

Hence, The amount recieved by raghu is Rs7526.4 $.$

Answer 2

*Question:-

Raghu deposited 6000 rs for 1 year in bank account .how much amount will be recieve on date of maturity if the rate of interest is 12 % p.a. and compounded every 6 months.

*Answer:-

Given :-

• Raghu deposited 6000 Rs for 1 year

• Rate of interest on amount = 12%

• Given time = 6 months

• Principal = 6000 Rs

• Rate of interest = 12%p.a

• Time = 6 months

• Amount = P ( 1 + R/100)^n

• Amount = 6000( 1 + 12/100)^2

• [ We have to calculate CI half yearly ]

• A = 6000 ( 100+12/100)^2

• A = 6000 ( 112/100)^2

• A = 6000 * 112/100 * 112/100

• A = 6 * 112 * 112/10

• A = 3 * 112 * 112 / 5

• A = 37632/5

• A = 7526.4 Rs

So, The amount recieved by raghu is Rs7526.4

$hope \: it \: helps \: you$