Question

Vasudevan invested 60,000 at an interest rate of 12% per annum compounded
half yearly. What amount would he get
A) after 6 months?
B) after 1 year?​

Answer 1

Answer:

CI is nothing but a successive rate

Step-by-step explanation:

so if it is half yearly then

(2) R = 6% so succesive rate = 6+6+6*6/100=12.36%

so amount = 60000*112.36%=67316

(1) amount =60000*106%=63600