Question

Ramu deposited rupees 6000in a bank where interest is compounded half yearly.if the rate of interest is 10% ,what interest will he get after one year?​

Answer 1

Answer:

We have principal=Rs6000

Rate of interest=10%p.a

Period for which money is deposited=1 year

As interest is compounded half-yearly,thus interest received by Ramu after one year

P(1+R/2/100)^2n

Rs6000(1+10/200)²

Rs6000(210/200)²

Rs6000×21/20×21/20

Rs6615

Answer 2

Answer:

7200 Rs

Step-by-step explanation:

priciple amount =6000

half year interest =10%

10℅of 6000 =600Rs

therefore after one year =2×half year interest amount

=2×600 =1200Rs

total amount =6000 + 1200

=7200Rs