Find the amount for Rs. 6000 at 10% per annum, compounded semi-annually for 2 years.
Here n = 2 years x 2 = 4 periods
Similarly, R =102102= 5% (for half year)
P = 6,000
A = 6,000(1+5100)4(1+5100)4 = Rs. 7,293
Interest = Rs.7293 - 6000 = 1293
Find the amount for Rs. 6000 at 10% per annum, compounded semi-annually for 2 years.
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