5. Find the compound interest on 8,000 for 2 years 3 months at 10% per annum.
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0
Answer:
364.05
Step-by-step explanation:
Find the compound interest on Rs. 8000 at 8% per annum for 2 years, compounded half-yearly?
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1 Answer

Sunil Kumar Pandit, Engineer at Indian Railways (2017-present)
Answered May 7, 2019
Just replace R=8% I have taken it as 9% so you will have to do the recalculation for better understanding bro.
Given that P = Rs 8000 , n = 2 and R = 9%.
A = P ( 1 + R / 200)
2n
A = 8000( 1 + 4.5 / 200)
2
A = 8000 x (204.5 / 200) x (204.5 / 200)
A = Rs 8364.05
Hence Interest = Rs 8364.20 - 8000 = Rs 364.05
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