vaishudevi interest is rupees 60000 at intercert rate of 12% per annum compounded half yearly that amount would get first after 6 months se

Question

vaishudevi interest is rupees 60000 at intercert rate of 12% per annum compounded half yearly that amount would get first after 6 months second after 1 month​

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Camila 1 month 2021-08-20T10:10:38+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-08-20T10:11:54+00:00

    Step-by-step explanation:

    A=P(1+

    100

    R

    )

    n

    Whereas,

    A= Amount

    P= Principal

    R= Rate

    n= Time period

    Given:-

    Principal (P)=Rs.60000

    Rate (r)=12%=6% per 6 months

    (i) After 6 months-

    As the interest is compounded half-yearly,

    n=6 months=1

    ∴A=60000×(1+

    100

    6

    )

    1

    ⇒A=60000×(1+0.06)

    ⇒A=63600

    (ii) After 1 year-

    As the interest is compounded half-yearly,

    n=12 months=2

    ∴A=60000×(1+

    100

    6

    )

    2

    ⇒A=60000×(1+0.06)

    2

    ⇒A=67416

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