The compound interest (In ₹) on ₹ 6250 at 12 | vedclass

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Question

(a) $\quad R=\frac{12}{2} \%=6 \%$

$T =1 	imes 2=2$ half-yearly

Interest $=6250\left[\left(1+\frac{6}{100}ight)^{2}-1ight]$

$=6250\left[

Vedclass · Accepted Answer

$772.50$

Vedclass · Answer

(a) $\quad R=\frac{12}{2} \%=6 \%$

$T =1 	imes 2=2$ half-yearly

Interest $=6250\left[\left(1+\frac{6}{100}ight)^{2}-1ight]$

$=6250\left[\frac{(106)^{2}-(100)^{2}}{10000}ight]$

$=6250 	imes(106+100)(160-100)$

$=6250 	imes \frac{(206 	imes 6)}{10000}=\frac{6250 	imes 1236}{10000}=₹ 772.50$

The compound interest (In ₹) on ₹ $6250$ at $12 \%$ per annum for $1$ year, compounded half-yearly is

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