# 5  Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get                 (i) after 6 months?

Given,

Principal, P = Rs 60,000

Compound interest rate, R = 12% p.a

= 6 % half yearly

For a period of 6 months.  Time period, n = 1 half year (As there is 1 half year in 6 months.)

We know, Amount when interest is compounded annually, A =

After 6 months, Vasudevan would get an amount Rs. 63600.

## Related Chapters

### Preparation Products

##### Knockout NEET May 2021 (One Month)

An exhaustive E-learning program for the complete preparation of NEET..

₹ 14000/- ₹ 6999/-
##### Foundation 2021 Class 10th Maths

Master Maths with "Foundation course for class 10th" -AI Enabled Personalized Coaching -200+ Video lectures -Chapter-wise tests.

₹ 350/- ₹ 112/-
##### Knockout JEE Main April 2021 (One Month)

An exhaustive E-learning program for the complete preparation of JEE Main..

₹ 14000/- ₹ 6999/-
##### Knockout NEET May 2021

An exhaustive E-learning program for the complete preparation of NEET..

₹ 22999/- ₹ 14999/-