Question

ravi invested an amount of rs 20000 at per annum.
find the compound instrest is compounded half-yearly

Answer 1

Answer:

Ravi invested 12 months = 20000

half yearly mean = 6 months

So.. 1 months invested money

20000/12 = 1666.66...

1 months = 1666.66....

6months = 1666.66..×6 = 10000