Question

Vasusdevan invested 60000 at an intrest rate 12% per annum compounded half yearly what amount would he get after 6 month and after 1 year

Answer 1

Answer:

3600,7200

Step-by-step explanation:

A=P(1+R/2×100)*2n

=60000(1+12/200)*2×1/2

=60000(1+3/50)*1

=60000×53/50

=63600

C.I=A–P

=63600–60000

=3600

A=P(1+r/100)*n

=60000(1+12/100)*1

=60000(1+3/25)

=60000(28/25)

=67200

C.I=A–P

= 67200–60000

= 7200