Sudha invest Rs15000 at the rate of 10Percent annum coumpounted half yearly what amount she will get at the end of the year
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QUESTION -
Sudha invest Rs15000 at the rate of 10Percent annum coumpounted half yearly.
what amount she will get at the end of the year ?
ANSWER :
From the above Question, we can get the following information....
Principle = Rs. 15000
Rate = 10% per annum = 5 % half yearly.
Time = 1 year = 2 half years.
We know that :
Amount = P ( 1 + ( r/ 2 ) / 2 × 100 ) ^ { 2t }
=> Amount = 15000 × ( 1.05 ) ^ 2
=> Amount = 15000 × 1.1025
=> Amount = 16537.5
ANSWER : -
The required amount is RS. 16537.5
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