Vasudevan invested ₹ 60000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 6 months?
Pawan Prajapati , 4 Years ago
Grade 12
1 Answers
Harshit Singh
Last Activity: 4 Years ago
Dear Student
P =₹60,000 Rate = 12% per annum = 6% per half year n = 6 months = 1 half year Amount, A =P (1 +R/100 )^n =₹ [60000(1+ 6/100 )^1] =₹ [60000 × (3/50)^1] =₹[60000×53/50 ] =₹63600
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