Sabita deposited Rs. 1,50,000 in a bank. If the bank provides yearly 6% interest after 2 years 6 months, (i) how much is the compound amount? (ii) how much is the compound interest?

Question

Accepted Answer

Flag: applying the textbook's own formula with , , , gives and — this does not match the textbook's own printed answer (Rs. and Rs. ), which would instead require the 6-month adjustment factor to be rather than (equivalent to treating rather than ); this looks like an inconsistency in the source. (i) Using the formula as derived in this chapter: . (ii) .