Question

If principal = ₹100000, rate of interest = 10% compounded half-yearly. Find
i. Interest for 6 months.
ii. Amount after 6 months.
iii. Interest for the next 6 months.
iv. Amount after one year.

Answer 1

Answer:

i. ₹5000

ii. ₹105000

iii. ₹5250

iv. ₹110250

Step-by-step explanation:

$X\ represents\ the\ times\ symbol.$

i.

$100000\ X (\frac{10}{100\ X\ 2})^{1} \ \ for\ 6\ months\\= 5000$

ii.

$100000+5000=105000$

iii.

$100000\ X (1+\frac{10}{100\ X\ 2})^{2} \ \ for\ 12\ months\\= 110250\\\\110250-100000-5000=5250$

iv.

$110250$