Question

6. Anju deposited * 9,000 in a bank for 12 months at 16 % per annum. Find the compound -
interest is payable half yearly.​

Answer 1

Step-by-step explanation:

Principal = 9000 RS

rate = 16% yearly

interest compounded = half yearly means 6 months

so rate also be half for half year ie = 8 %

=> 9000×108/100×108/100

=> 9×108×108/10

=> 10497.6 RS

now compound interest is

=> 10497.6-9000

=> 1497.6 rs