Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half
yearly. What amount would he get
(i) after 6 months?
(ii) after 1 year?
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Answer:
(i) ₹ 63,600
(ii)₹ 67,416
Step-by-step explanation:
(i)
P = ₹ 60,000
R = 12%
T = 6 months = 1/2 year
COMPOUNDED HALF YEARLY
P = ₹ 60,000
R = 12% = (12/2)% =6%
T = 1/2 = (1/2)×2 = 1 year
A = P( 1 + R/100)^n
= ₹ 60,000( 1 + 6/100)¹
= ₹ 60,000 ( 1 + 3/50)¹
= ₹ 60,000 (53/50)¹
= ₹ 60,000 × 53/50
= ₹ 63,600
(ii)
P = ₹ 60,000
R = 12%
T = 1 year
COMPOUNDED HALF YEARLY
P = ₹ 60,000
R = 12% = (12/2)% =6%
T = 1 = 1×2 = 2 year
A = P( 1 + R/100)^n
= ₹ 60,000( 1 + 6/100)²
= ₹ 60,000 ( 1 + 3/50)²
= ₹ 60,000 (53/50)²
= ₹ 60,000 × 53/50 × 53/50
= ₹ 67,416
HOPE IT HELPS~~~~~
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