Rahim deposited 10000 rupees in a bank, which pays interest compounded half-

yearly. The annual rate of interest is 10%. How much should he get back after one

year?

Amount deposited, p =

Term n = one year=

half years

since the annual interest rate is 10%

therefore, interest rate for 6 months, r =

amount gets after one year =

# Rahim deposited 10000 rupees in a bank, which pays interest compounded half-

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Answer:amound get after one year

Given:–year ?

Answer:–we know that, When rate is compounded Half – Yearly :-

So we can say that in this case :-

so,

then,

→ Amount = P[1 + (R/100)]^time

→ A = 10000[1 + (5/100)]²

→ A = 10000[1 + (1/20)]²

→ A = 10000 * (21/20)²

→ A = (10000 * 441)/400

→ A =

Rs.11025(Ans.)Hence,RahimgetsRs.11025back after oneyear.Learn more:-CI in 2yr is Rs. 1600 and in 3 yrs it will be Rs. 1700. Find the rate of interest.

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