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Question

Question 85(iv)

If principal = Rs. 100000,
Rate if interest = 10 % compounded half - yearly.
Amount after one year.


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Solution

Principal (P) = ₹ 100000
Rate of interest (R) = 10 % compounded half - yearly

A=P(1+R200)n [for 6 months]
A=P (1+R200)n=100000 (1+10200 )2 [n=2 for 12 months]
=100000×(2120)2=105000

Amount after 12 months, i.e. one year = ₹110250


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