# If principal = Rs 1,00,000. rate of interest = 10% compounded half yearly. Find(i) Interest for 6 months.(ii) Amount after 6 months.(iii) Interest for next 6 months.(iv) Amount after one year.

Given that, principal(P) = Rs 1,00,000. Rate of interest(R) = 10% compounded half yearly.

We have, Compound interest = Amount - Principal

(i) ( n = 1 for 6 months)

= Rs.1,05,000

⇒∵ Compound interest = A - P

Interest for 6 months = 105000 - 100000

= Rs. 5,000

(ii)Amount after 6 months = Rs.1,05,000 (calculated above)

(iii)For this, P = Amount after 6 months = Rs.1,05,000

( n = 1 for 6 months)

= Rs.1,10,250

⇒∵ Compound interest = A - P

Interest for next 6 months = 110250 - 105000

= Rs. 5,250

(iv) Amount after one year = Rs.1,10,250 (calculated above)

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Quiz | Comparing Quantities30 mins
Quiz | Calculating Compound Interest Really Compound?46 mins
Foundation | Direct & Inverse Proportions57 mins
Quiz | Percentage35 mins
Quiz | Deciding the Business Future with Profit and Loss54 mins
One Step Ahead of Simple Interest44 mins
Make a Solid Grip on Ratios36 mins
Quiz on Profit, Loss and Discount23 mins
Quiz | Taxes, Discount and CI45 mins
Recalling Ratios and Proportions45 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses