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?(ii)            after 1 year?

Explanation

To solve the problem step by step, we will use the formula for compound interest. The formula for the amount \( A \) after \( n \) compounding periods is given by:

\[ A = P \left(1 + \frac{r}{100}\right)^n \]

where:
- \( A \) = Amount after time \( n \)
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