Question

12. What will be the compound interest on Rs 5000, if it is compounded half yearly for 1
year 6 months at 8% per annum?​

Answer 1

Answer:

Step-by-step explanation:

Compound interest would be Rs.

Rate of interest = 8% p.a. Hence, Compound interest would be Rs. 624.32.

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Answer 2

Answer:

5000÷100=50×8=450

450÷2= 225 +225

RS 675 is ans