Question

8000 for 1 year at 9 % per annum compounded half yearly ( you could use the year by year calculation using SI ​

Answer 1

Answer:

For Compound Interest,

Amount=Principal(1+  100 Rate )  Time

 

Compound Interest = Amount- Principal

Therefore, in this case, since the interest is compounded annually the time =2.5 years  

and rate =4.5% per half year

Amount=8000(1+  9/200 )  2

 

Amount =8736.20

Compound Interest = Amount - Principal =8736.20−8000=Rs.736.20

Step-by-step explanation:

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