Vasudevan invested Rs 60000 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) P = Rs 60,000
Rate = 12% per annum = 6% per half year
n = 6 months = 1 half year
(ii) There are 2 half years in 1 year.
n = 2
