10,000 for 1 year at 8% per annum compounded half yearly
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Answered by
23
Answer:
Given,
Principal, P =Rs.10000, Rate, R = 8% per annum compounded half yearly for 1 year.
Now, There are two half years in a year. Therefore compounding has to be 2 times.
And rate = half of 10% = 5% half yearly.
Therefore, the required amount = 10000(1+4/1000)²
= Rs. 10816
And Compound Interest, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.
Explanation:
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Answered by
3
Answer:
10816
Explanation:
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