Rajat invested ₹9000 at an interest rate of 1%pa compounded half yearly what would he get after 1½years
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answer of this question is 135.676
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Answer :
₹135.45
Explanation :
P = ₹9000
R = 1% p. a
T = 1½ year.
Amount for 1 year..
A = P ( 1+R/100 )¹
= ₹9000 ( 1 + 1 / 100 )¹
= ₹9000 (101/100)
= ₹9000× 101/100
= ₹9090
Amount for ½ year..
Now, for ½ year we'll take out S. I
P = ₹9090
R = 1%
T = ½
S. I = P × R × T / 100
= ₹9090 × 1 × 1 / 2 × 100
= ₹ 45.45
Total Amount = ₹9090 + ₹45.45
= ₹ 9135.45
C. I = A - P
= ₹9135.45 - ₹9000.00
= ₹ 135.45
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