Question

12. What is the compound interest on 8,000 at 10% p.a. for 2 years if the interest is
calculated half yearly ?
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Answer 1

Answer:

Rs.27200

Step-by-step explanation:

Given,

          Principal= Rs.8000

          Time= 2 yrs

           Rate= 10%

According to formula ,

      A= P(1+R/ 200)n*2

      A= Rs.8000(1+10/200)*2*2

          A =35200

      C.I.= A-P

         = Rs.(35200-8000)

        =Rs. 27200 (answer)