Question

Vasudevan invested 60.000 at an interest rate 12 %
half yearly, What amount would he get
2 after 6 months?1 after 1 year?​

Answer 1

Step-by-step explanation:

(i) P= 60000

R= 12%

T= 6 months = 6/12

SI =(p*r*t) /100

= (60000 * 12 *6)/100 *12

3600

Amount = P + si

=60000 + 3600

= 63600

(ii) p=63600

R=12%

T=6 months = 6/12

SI = (63600 * 12 * 6) / 100 * 12

= 3816

Amount = 63600 + 3816

= 67416