Question

Varun invested 50000 at intrest rate of 12% per annum compounded half yearly.wwhat amount would it get after 2years?? solve this

Answer 1

ANSWER:-

Given:

Varun invested Rs.50000 at interest rate of 12% per annum compound half yearly.

To find:

The amount would get after two years.

Explanation:

We have,

• Principal,[P]= Rs.50000
• Rate,[R]= 12% per annum     [compound half-yearly]
• Time,[n]= 2 years
• Time= [2×2]= 4 years (Compound half-yearly)

So,

Rate= $\frac{12}{2}$

Rate= 6%

Using Formula:

A= P(1+$\frac{R}{100}$)^n

$A= 50000(1+\frac{6}{100} )^{4} \\\\A= 50000(1+\frac{3}{50} )^{4} \\\\A= 50000(\frac{50+3}{50} )^{4} \\\\A= 50000*\frac{53}{50} *\frac{53}{50} *\frac{53}{50} *\frac{53}{50} \\\\A= Rs.(\frac{53*53*53*53}{125} )\\\\A= Rs.(\frac{7890481}{125} )\\\\A= Rs. 63123.84$

Thus,

The amount get after 2 years is Rs.63123.84.

Answer 2

Answer:

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Step-by-step explanation:

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