₹8,000 for 1 year at 9% per annual compounded half yearly
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Answered by
3
hello Frnd
here is your answer
Given as:-
Principal = ₹ 8,000
Time = 1 yrs
Rate = 9 %
As we know that
Amount = Principal + Compound Interest
also,
Compound Interest = Amount - Principal
Now, Compound Interest = 8720 - 8000 = 720
Hence, Compound Interest = 720
hope it helps
jerri
here is your answer
Given as:-
Principal = ₹ 8,000
Time = 1 yrs
Rate = 9 %
As we know that
Amount = Principal + Compound Interest
also,
Compound Interest = Amount - Principal
Now, Compound Interest = 8720 - 8000 = 720
Hence, Compound Interest = 720
hope it helps
jerri
Answered by
0
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