Rs.1000 is invested in a bank which is compounded half yearly at a rate of interest 20% per annum. In one and a half year what will be the final amount?

Open in App

Solution

Principal (P)= Rs 1000
Rate(R)=20%
Time(T)= 1.5yrs
n= 2 ( as compounded half yearly)
Amount(A) = P(1+R/n)^(nt)
=1000(1+ 0.20/2)^(23/2)
=1000(1+1/10)^3
=1000(11/10)^3
=1000* (1331/1000)
=1331

Therefore,
Amount (A) = Rs 1331

Suggest Corrections

Similar questions

Q. Raju invested Rs 1000 in a bank which is compounded half yearly at a rate of interest of 20%. In one and a half years, the final amount is

___

Q. An amount of Rs. 12000 is invested for 1.5years which will be compounded half yearly at a rate of 5%. Find the final amount after one and a half years?

An amount of Rs. 5000 is invested for 1.5 years which will be compounded half yearly at a rate of 10%. Find the final amount (Approximately) after one and a half years?

Q. Vasudevan invested Rs. 60000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 1 year?

What is the compound interest received on Rs 20000 invested for 1 year at the rate of 6% per annum compounded half yearly?

Join BYJU'S Learning Program

Rs.1000 is invested in a bank which is compounded half yearly at a rate of interest 20% per annum. In one and a half year what will be the final amount?

Principal (P)= Rs 1000 Rate(R)=20% Time(T)= 1.5yrs n= 2 ( as compounded half yearly) Amount(A) = P(1+R/n)^(n*t) =1000(1+ 0.20/2)^(2*3/2) =1000(1+1/10)^3 =1000(11/10)^3 =1000* (1331/1000) =1331 Therefore, Amount (A) = Rs 1331

Principal (P)= Rs 1000
Rate(R)=20%
Time(T)= 1.5yrs
n= 2 ( as compounded half yearly)
Amount(A) = P(1+R/n)^(nt)
=1000(1+ 0.20/2)^(23/2)
=1000(1+1/10)^3
=1000(11/10)^3
=1000* (1331/1000)
=1331

Therefore,
Amount (A) = Rs 1331