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Byju's Answer
Standard VIII
Mathematics
Formula for CI
Vasudevan inv...
Question
Vasudevan invested
R
s
.
60000
at an interest rate of
12
%
per annum compounded half yearly. What amount would he get
after
6
months?
A
R
s
.
63600
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B
R
s
.
64600
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C
R
s
.
45600
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D
R
s
.
54600
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Solution
The correct option is
A
R
s
.
63600
Given
Principal amount
P
=
R
s
.
60000
Rate,
R
=
12
%
per annum
=
6
%
per half year
Time
T
=
6
months
=
1
half year
A
m
o
u
n
t
=
P
(
1
+
R
100
)
T
∴
A
m
o
u
n
t
after
6
months
=
A
m
o
u
n
t
after
1
half year
=
R
s
.
[
60000
×
(
1
+
6
100
)
1
]
=
R
s
.
(
60000
×
106
100
)
=
R
s
.
63600
Hence, the amount is
R
s
.63600
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Similar questions
Q.
Question 5 (i)
Vasudevan invested Rs. 60,000 at an interest rate 12% per annum compounded half yearly. What amount would he get:
(i) After 6 months?
Q.
Vasudevan invested Rs. 60,000 at an interest rate of 12 % per annum compounded half yearly. What amount would he get
1) A
fter 6 months ?
2) A
fter 1 year ?
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