Question

2 Find the amount and the compound interest on 10.000 at 8 per cent per
annum and in 1 year, interest being compounded half-yearly.
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Agar aapako is question ka ans pata hai to plz yar ans batao
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Answer 1

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 =

$10000(1+\frac{4}{100})^{2}$

= Rs. 10816

And Compound Interest, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.