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