Step 1: Calculate the half-yearly interest rateSince the interest is compounded half yearly, we need to divide the annual interest rate by 2:

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Ramesh deposited Rs 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 9 months?

Where:- A = Amount after time t- P = Principal amount (initial investment)- R = Rate of interest per period- n = Number of compounding periods

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Ap 8858694d

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?

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: