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Vasudevan invested Rs 60000 at an interest rate of 12% per annum compounded half yearly.

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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?

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(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

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