Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get

(i) after 6 months?


(ii) after 1 year?

(i) Here, Principal (P) = Rs. 60,000,


Time, n = 6 months = 1 year(compounded half yearly)


Rate of interest (r) = 12% = 6% (compounded half yearly)


Amount (A) =



= Rs. 63,600


After 6 months Vasudevan would get amount Rs. 63,600.


(ii) Here, Principal (P) = Rs. 60,000,


Time, n = 1 year = 2 year(compounded half yearly)


Rate of interest (r) = 12% = 6% (compounded half yearly)




= Rs. 67,416


After 1 year Vasudevan would get amount Rs. 67,416


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