Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get: (i) after 6 months? (ii) after 1 year?

Here, Principal (P) = ₹ 60,000,
Time (n) = 6 months = 1 half-year (compounded half yearly)
Rate of interest (R) = 12% = 6% (compounded half yearly)
Amount (A) = P(1+R/100)ⁿ = 60000(1+6/100)¹ = 60000(1+3/50)¹
= 60000(53/50)¹ = 60000 x 53/50 x 53/50 = ₹ 67,416
After 1 year Vasudevan would get amount ₹ 67,416.

Class 8 Maths Chapter 8 Exercise 8.3 Solution in Video

for more answers vist to:
https://www.tiwariacademy.com/ncert-solutions/class-8/maths/chapter-8/