What will Rs125000 amount to after one year at the rate of 6% per annum when the interest is computed half-yearly
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P=12500
Rate=6%
But interest is compounded half yearly the rate become 3% and t=2
A=p(1+r/100)^t
A=125000(1+3/100)^2
=125000(103/100)^2
=132612.5₹
Rate=6%
But interest is compounded half yearly the rate become 3% and t=2
A=p(1+r/100)^t
A=125000(1+3/100)^2
=125000(103/100)^2
=132612.5₹
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