Math, asked by faisal7866672, 4 months ago

1. Find the amount and the compound Interest on 7 8000 for 1 year at 10% per annun
compounded half-yearly.

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Answers

Answered by Cengizfighter101

Answer:

7800 is ur answer

Step-by-step explanation:

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Answered by shamgreen25

Answer:

Compound interest = ₹ 820

Step-by-step explanation:

Present value= ₹ 8000

Interest rate= 10 % per annum

Time=1 year and compounded half yearly

To find the amount we have the formula,

Amount (A) = P (1+(R/100)2n Where P is present value, r is rate of interest, n is time in years.

Now substituting the values in above formula we get, ∴

A = 8000 (1 + (10/2)/100)2

⇒ A = 8000 (1+5/100)2

⇒ A = 8000 (1+1/20)2

⇒ A = 8000 (21/20)2

⇒ A = 20 × 441

⇒ A = ₹ 8820

∴ Compound interest

= A – P = 8820 – 8000 = ₹ 820

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