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The compound interest on Rs. 6000 for 1 ...

The compound interest on Rs. 6000 for `1 1/2` years at `10%` per annum, the interest being paid half yearly, will be-

A

Rs. `912cdot75`

B

Rs. 930

C

Rs. `932cdot50`

D

Rs. `945cdot75`

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The correct Answer is:
To find the compound interest on Rs. 6000 for 1.5 years at an interest rate of 10% per annum, compounded half-yearly, we can follow these steps: ### Step 1: Identify the Principal, Rate, and Time - Principal (P) = Rs. 6000 - Annual Rate of Interest (R) = 10% - Time (T) = 1.5 years ### Step 2: Adjust the Rate and Time for Half-Yearly Compounding Since the interest is compounded half-yearly, we need to adjust the rate and time: - Half-yearly Rate = R/2 = 10%/2 = 5% - Total Time in Half-Years = 1.5 years × 2 = 3 half-years ### Step 3: Use the Compound Interest Formula The formula for compound interest is given by: \[ A = P \left(1 + \frac{r}{100}\right)^n \] Where: - \( A \) = Amount after time \( n \) - \( P \) = Principal - \( r \) = Rate of interest per period - \( n \) = Number of compounding periods Substituting the values: - \( P = 6000 \) - \( r = 5 \) - \( n = 3 \) ### Step 4: Calculate the Amount Now, substituting the values into the formula: \[ A = 6000 \left(1 + \frac{5}{100}\right)^3 \] \[ A = 6000 \left(1 + 0.05\right)^3 \] \[ A = 6000 \left(1.05\right)^3 \] Now, calculate \( (1.05)^3 \): \[ (1.05)^3 = 1.157625 \] Now, calculate \( A \): \[ A = 6000 \times 1.157625 \] \[ A = 6945.75 \] ### Step 5: Calculate the Compound Interest To find the compound interest (CI), we subtract the principal from the amount: \[ CI = A - P \] \[ CI = 6945.75 - 6000 \] \[ CI = 945.75 \] ### Final Answer The compound interest on Rs. 6000 for 1.5 years at 10% per annum, compounded half-yearly, is Rs. 945.75.
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