Question

Vasudevan invested 60.000 at an interest rate of
half yearly. What amount would he get ( 1)after 6 months?
( 2)after 1 year​

Answer 1

Answer:

67416

Step-by-step explanation:

Solution: (i) Amount after 6 months P = Rs 60000 [:: Interest is compounded half yearly.] year, n = 1 R = 12% p.a. 6% per half year Amount = 100 6. 1+ 100 = Rs 53 = Rs 60000 x 50 Rs 1200 x 53 %3D Rs 63600 (ii) Amount after 1 year P = Rs 60000 T = 1 year; n = 2 %3D R = 12% p.a. = 6% per half year R P 1+ 100 Amount 6. 1+ 100 = Rs 60000 x 53 53 = Rs 60000 x- 50 50 = Rs 24 x 53 x 53 Rs 67416 %3D Rs 63600 Thus, amount after 6 months %3D amount after 1 year = Rs 67416